If insurance did not exist in the United States, which of the following might reasonably be expected to happen?
A) Banks would lower their interest rates on home mortgages and auto loans.
B) Moral hazards would decrease.
C) The occurrence of perils would decrease.
D) In general, only large businesses would be able to survive.

Question

Quizplus · Accepted Answer

Without insurance, individuals and smaller businesses would have a higher financial risk if they were to experience a loss or damage. This would make it difficult for them to survive financially, leaving only large businesses with the resources to withstand such risks.

If Insurance Did Not Exist in the United States, Which