John Gleason is interested in purchasing a 46" rear projection TV for his living room.John knows that right now the TV will cost approximately $1500.John is not sure he can afford this TV right now but is worried that if he waits,the cost of the TV will rise to $1800.Which type of risk is John worried about?
A)Inflation risk
B)Interest rate risk
C)Income risk
D)Personal risk
E)Liquidity risk

Question

Quizplus · Accepted Answer

John is worried about inflation risk, which is the risk that the cost of goods and services will rise over time. If he waits to purchase the TV, the cost may increase due to inflation.

John Gleason Is Interested in Purchasing a 46" Rear Projection