The major of difference between a pure risk and a speculative risk is that the former does not involve the possibility

Question

Question: The major of difference between a pure risk and a speculative risk is that the former does not involve the possibility of gain while the latter does

Options:

1.  True
2.  False

Answer 1

1. True

The major of difference between a pure risk and a speculative risk is that the former does not involve the possibility of gain while the latter does.