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    Exam 14: The Basic Tools of Finance: Managing Risk
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    By Holding Insurance a Person
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By Holding Insurance a Person

Question 48

Question 48

Multiple Choice

By holding insurance a person


A) reduces the risk of a bad outcome,such as their house burning down.
B) shares risk and so reduces the burden of risk.
C) Both A and B are correct.
D) Neither A nor B are correct.

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