which of the following is a speculative risk and not pure risk? -Owning a car -Flying...

which of the following is a speculative risk and not pure risk?

-Owning a car

-Flying in an airplane

-Buying a business

-Buying a home

Expert Solution

Pure risk is the one which has only loss so it is insurable while speculative risk is where we can have gain as well so it is not insurable

so it is option C because in business there can be possible gain and loss but in other options only loss

jeff jeffy answered 2 years ago

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