Which of the Following Individuals Is Likely to Purchase Insurance

question 77

Multiple Choice

Which of the following individuals is likely to purchase insurance?

• A)a risk neutral person when the insurance is over priced
• B)a risk lover when the insurance is underpriced
• C)a risk neutral person when the insurance is fairly priced
• D)a risk- averse person when the insurance is fairly priced

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Definitions:

Federal Privacy Legislation

Laws and regulations implemented at the federal level to protect the privacy and personal information of individuals.

Personal Information Protection

Measures and practices aimed at safeguarding individuals' personal data from unauthorized access and misuse.

Electronic Documents Act

Legislation that governs the use, validity, and recognition of documents in electronic form in legal and official transactions.

Political Cartoonist

is an artist or writer who creates cartoons or illustrations with a politcal message, often satirizing current events, politicians, or social issues.