11.3 You have learned about a number of ways of reducing risk, specifically hedging, insuring, and diversifying. In the table below, place an X in the cell for the technique being used to reduce risk.

		Hedging	Insuring	Diversifying
1	Placing an advance order with Amazon.ca, which agrees to charge you the lower of the advance price, and the price at the time your order is filled.
2	Purchasing a call option on a stock you think may go up in price.
3	Selling 200 shares of IBM and buying a mutual fund that holds the same stocks as the S&P index.
4	Selling a debt owed to you for $.50 per dollar owed.
5	Agreeing to a long-term contract with a supplier at a fixed price.
6	Agreeing to a no-trade clause with the sports team that employs you.
7	Buying a Mac and a PC.
8	Paying a clown to perform for your child's birthday party six months before the birthday.