8
QuizMultiple Choice

Insurance Decisions and Risk Management — Quiz

Question 8 • Personal Finance

Risk refers to the ______ of financial loss.

Answer
A
prevention
B
guarantee
C
certainty
D
chance

Explanation

Risk is the chance that a financial loss will occur. It does not mean the loss is guaranteed or certain, and prevention refers to avoiding a loss. Therefore, the correct choice is “chance.”

AI-written and checked against the verified answer.

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