what is the difference between purchasing a car and purchasing insurance?\na the person can use the…

what is the difference between purchasing a car and purchasing insurance?\na the person can use the insurance plan, but they cannot use the car because it doesnt drive.\nb a person cannot exchange money for insurance the way they do for a car.\nc the car costs more than the insurance plan.\nd the person can physically touch the car, but they cannot touch the insurance.

what is the difference between purchasing a car and purchasing insurance?\na the person can use the insurance plan, but they cannot use the car because it doesnt drive.\nb a person cannot exchange money for insurance the way they do for a car.\nc the car costs more than the insurance plan.\nd the person can physically touch the car, but they cannot touch the insurance.

Answer

Brief Explanations:

A car is a tangible asset that can be physically touched. Insurance is an intangible service - a contract or plan that cannot be physically touched. Option A is incorrect as cars are meant to be driven and used. Option B is wrong since money is exchanged for insurance just like for a car. Option C is not always true as car prices and insurance plan costs vary widely.

Answer:

D. The person can physically touch the car, but they cannot touch the insurance.