Question: Patrick Jones is interested in purchasing a 6 5 ' ' LED TV for his living room. He knows that right now the TV will

Patrick Jones is interested in purchasing a

65^{''}

LED TV for his living room. He knows that right now the TV will cost approximately $

500 .

However, Patrick is a little concerned about his job. Patrick is a pilot for Delta Airlines, and he thinks it is possible that he could be laid off in the near future. What type of risk is Patrick worried about?

Multiple Choice

Income risk

Inflation risk

Liquidity risk

Personal risk

Interest rate risk

6

20

Patrick Jones is interested in purchasing a 65'' LED TV for

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