Risk-Seeking Behavior

question 69

Multiple Choice

Risk-seeking behavior:

• A)is irrational.
• B)is an aspect of an individual's preferences.
• C)is the same for everyone.
• D)All of these are true.

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Definitions:

Income

The money received, especially on a regular basis, for work or through investments.

Opportunity Cost

The price paid for not choosing the next most favorable option when deciding or picking between different possibilities.

Term Deposit

A bank deposit with a fixed term and typically a fixed rate of interest, where withdrawal can only occur after the term ends without penalty.

Holding Cash

The practice of keeping money in the form of physical currency as a store of value or for transactions.