Select the correct answer.

Which financial item transfers risk from one party to another?

A. Insurance policy
B. Loan agreement
C. Savings account
D. Credit card

Question

12-07-2024
Business

Answered

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Select the correct answer.

Which financial item transfers risk from one party to another?

A. Insurance policy
B. Loan agreement
C. Savings account
D. Credit card

Sagot :

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GinnyAnsweridn GinnyAnsweridn · Answer 1 · 2024-07-12T13:26:38-04:00

Final answer:

Insurance is a financial item that shifts risk from one party to another through an exchange.

Explanation:

Insurance is a financial item that transfers risk from one party to another. Through insurance, individuals or organizations can protect themselves against uncertain outcomes in exchange for a fee. This process allows the party seeking insurance to transfer the potential risk to the insurance company.

Learn more about Risk transfer in finance here:

https://brainly.com/question/40302332

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Final answer:

Explanation:

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