ECONOMICS
SAVING AND INVESTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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to buy a house
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to buy a car
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to pay for college
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to go to the casino
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Detailed explanation-1: -Gambling is a state subject, and only states in India are entitled to formulate laws for gambling activities within their respective states. The Public Gambling Act of 1867 is a central law that prohibits running or being in charge of a public gambling house.
Detailed explanation-2: -Gambling is not a good alternative for earning extra cash. Each game you play at a casino has a statistical probability against you winning. Slot machine odds are some of the worst, ranging from a one-in-5, 000 to one-in-about-34-million chance of winning the top prize when using the maximum coin play.
Detailed explanation-3: -Gaming. Casinos are jam-packed with different games, and you may have a good time playing table games, slot machines, and a variety of other activities. Winnings. Connections. Entertainment. Social scene. 14-Aug-2021
Detailed explanation-4: -The Social Aspect. Gambling can be a very social activity. Risk. It’s human nature to desire taking risks, which is why the uncertain outcome of gambling is so appealing. Boredom/Loneliness. Escape from Difficult Emotions. Solution for Financial Troubles. 04-Mar-2022