Which statement correctly distinguishes a pure risk from a speculative risk?

Question

Accepted Answer

A pure risk offers only the chance of loss, while a speculative risk offers the chance of gain or loss

Answer

A pure risk offers the chance of gain or loss, while a speculative risk offers only loss

Answer

Both offer only the chance of loss, but pure risks are measurable

Answer

Speculative risks are insurable, while pure risks are not

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