ECONOMICS (CBSE/UGC NET)

ECONOMICS

MONEY MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
When you make a financial decision, ____
A
there is always an enormous risk.
B
you accept some risk.
C
there is usually no risk because you have done a lot of research.
D
there should be no need to ever change it.
Explanation: 

Detailed explanation-1: -Credit risk, liquidity risk, asset-backed risk, foreign investment risk, equity risk, and currency risk are all common forms of financial risk.

Detailed explanation-2: -It seems like a straightforward question, but risk is an important consideration in investing because it can impact every investment decision you might make.

Detailed explanation-3: -What Is Risk? When you invest, you make choices about what to do with your financial assets. Risk is any uncertainty with respect to your investments that has the potential to negatively impact your financial welfare. For example, your investment value might rise or fall because of market conditions (market risk).

Detailed explanation-4: -Carry the proper amount of insurance. Maintain adequate emergency funds. Diversify your investments. Have a second source of income. Have an exit strategy for every investment you make. Maintain your health. Always read the fine print. More items •18-Mar-2013

There is 1 question to complete.