Jolene is spends her entire paycheck each month, often adding additional charges to her credit cards to make elaborate purchases. Jolene is illustrating which type of risk? A) income risk B) market risk C) expense risk D) business risk

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Arts

Calhoun

7 April, 22:27

Jolene is spends her entire paycheck each month, often adding additional charges to her credit cards to make elaborate purchases. Jolene is illustrating which type of risk? A) income risk B) market risk C) expense risk D) business risk

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Answers (1)

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Kristen Alvarado · Answer 1

A) income risk

Explanation:

The case shown above, shows a situation Jonele who spent all of her monthly salary, got a chance of extra income through additional charges from her credit card that allows her to make more purchases when needed. These additional charges are the result of a change in the card's interest rates, that is, an example of income risk.