Question: Suppose that your car needs a major repair that will cost $3,000. You sign an agree- ment with the car repair shop to perform the

Suppose that your car needs a major repair that will cost $3,000. You sign an agree- ment with the car repair shop to perform the services. The repair shop must order the necessary parts and estimates it will take one week for the parts to be acquired. The repair shop requires that you provide an upfront payment of $1,500 as a deposit before the parts are ordered. What is the financial risk to which you are exposed? 7

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