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2027 Ignite Financial Literacy-Personal Finance - EL3403
Insurance
Question 5
5
Quiz
Multiple Choice
Insurance
Question 5 • 2027 Ignite Financial Literacy-Personal Finance - EL3403
An entrepreneur keeps backup funds in a savings account so that if their business experiences a loss, they will be able to recuperate. What type of risk management is this an example of?
Answer
A
reducing risk.
B
sharing risk.
C
avoiding risk.
D
maximizing risk.
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