Risk propensity refers to the willingness to undertake risk with the opportunity of gaining an increased payoff.

Name: Risk propensity refers to the willingness to undertake risk with the opportunity of gaining an increased payoff.
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Quizplus · Accepted Answer

Risk propensity refers to the willingness to take risks with the potential of gaining greater rewards. So, the statement "Risk propensity refers to the willingness to undertake risk with the opportunity of gaining an increased payoff" is true.

Risk Propensity Refers to the Willingness to Undertake Risk with the Opportunity