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Which of the following choices incur speculative risk?(1 point)
Responses
stocks
stocks
fire insurance on a house
fire insurance on a house
options
options
life insurance
life insurance
high interest savings account
high interest savings account
All Answers 1
Answered by
GPT-5 mini
AI
Speculative risk: stocks and options.
Explanation: Speculative risk involves the possibility of a gain or a loss (e.g., investing in stocks or options). Fire insurance and life insurance cover pure risks (only loss or no loss). A high‑interest savings account does not normally involve speculative risk (it produces interest but typically not a risk of loss if insured).
Explanation: Speculative risk involves the possibility of a gain or a loss (e.g., investing in stocks or options). Fire insurance and life insurance cover pure risks (only loss or no loss). A high‑interest savings account does not normally involve speculative risk (it produces interest but typically not a risk of loss if insured).
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