What is a major risk of using a financial institution?
(1 point)
Responses
The financial institution may fail entirely.
The financial institution may fail entirely.
Financial institutions may choose not to pay investors back.
Financial institutions may choose not to pay investors back.
Investors can be unable to withdraw money when they need it.
Investors can be unable to withdraw money when they need it.
Insurance will not cover any losses incurred by a financial institution.
All of the responses provided are valid major risks of using a financial institution. It is important for individuals to be aware of these risks before engaging with a financial institution.
whats the answer to that?
Based on the responses provided, the major risk of using a financial institution can be summarized as follows:
- The financial institution may fail entirely.
- Financial institutions may choose not to pay investors back.
- Investors can be unable to withdraw money when they need it.
- Insurance will not cover any losses incurred by a financial institution.
Therefore, the answer is that the major risk of using a financial institution includes the possibility of the institution failing, not paying investors back, difficulty in accessing funds, and lack of insurance coverage for losses.