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What Types of Risks Are Commonly Associated with Personal Financial

question 13

Essay

What types of risks are commonly associated with personal financial decisions? How can these risks be evaluated and minimized to reduce personal and financial difficulties?


Definitions:

Racing Heart

An increase in heart rate that is often perceived as heartbeats that are faster than normal.

Posttraumatic Stress Disorder

A psychiatric disorder that may occur in people who have experienced or witnessed a traumatic event such as a natural disaster, a serious accident, a terrorist act, war/combat, rape, or other violent personal assault.

Natural Disaster

An event such as a flood, earthquake, or hurricane that causes significant damage or loss of life, resulting from natural processes of the Earth.

Jumpy Anxiety

A state of heightened nervousness and fear that results in sudden, quick reactions to stimuli, often without logical basis.

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