From the choices below, select the best description of a speculative risk.

From the choices below, select the best description of a speculative risk.


A) Insuring someone over the age of 90

B) involving the possibility of a gain in addition to the uncertainty of loss

c) insuring against a situation that offers no possibility of gain.

d) the purchase of an insurance policy to protect from gambling losses.


Answer: B) involving the possibility of a gain in addition to the uncertainty of loss

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