Which of the Following Is an Example of an Event

question 89

Multiple Choice

Which of the following is an example of an event that is low risk and low probability of occurring?

• A) House fire from lightning strike.
• B) Rain damage to car from window left open.
• C) Loss of lawn as a result of a major drought.
• D) Accident occurring while texting and driving.

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Definitions:

Financial Stability

The condition in which a financial system operates smoothly, without significant fluctuations in key financial indicators such as prices, interest rates, and credit availability.

Economic Growth

An increase in the production of goods and services in an economy over a period of time, indicative of a healthy economy.

Primary Shopper

The individual in a household or entity who is responsible for the majority of shopping decisions and purchases.

Disposable Income

The amount of income left for spending or saving after taxes have been deducted.