Business, 03.03.2020 22:58, hellothere69
All the following statements concerning the relationship between wealth and financial risk tolerance are correct except:. A) Absolute risk tolerance increases with wealth since the wealthy have more money to spend on everything. B) People who earned their own wealth tend to be more risk tolerant than those who inherited their wealth from beloved relatives.
C) Relative risk tolerance increases with wealth if housing is included in the definition of wealth or classified as a risky asset.
D) People who acquired their wealth through a windfall are more apt to expose it to risk than those who worked hard for it.
Answers: 2
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