Shanelle travels to Las Vegas,and puts $5,000 on the roulette table,hoping to win big. Which of the following statements is true about this situation?
A) Her bet is no different than the one we all make when we buy insurance policies
B) She created a risk where none existed before, so this transaction is not insurance
C) If she called her homeowners' insurance agent before she left on her trip, she could have bought a policy against losing money at the roulette table
D) Her bet represents a pure risk
Correct Answer:
Verified
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