An individual's risk tolerance level depends on existing economic conditions.For example,when the economy is doing well an individual is more likely to have lower risk tolerance level.

Question

Quizplus · Accepted Answer

This statement is false. An individual's risk tolerance level is influenced by a variety of factors including their personal finances, goals, and attitudes towards risk. While economic conditions can impact an individual's risk tolerance, it is not the sole determining factor.

An Individual's Risk Tolerance Level Depends on Existing Economic Conditions