Multiple Choice
Mr.VanDelinder buys a $50,000 car. Rather than buying insurance on the car,he sets aside $30,000 in a savings account to cover possible losses due to any accident. He is:
A) self insuring
B) eliminating risk through the use of a contingency fund
C) assuming risk
D) decreasing his risk of physical loss
Correct Answer:
Verified
Correct Answer:
Verified
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