10
QuizMultiple Choice

Money and Credit Management — Test

Question 10 • CMS 2026-2027 Economics and Personal Finance CREDIT RECOVERY

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
avoiding risk
B
sharing risk
C
maximizing risk
D
reducing risk
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