Which of the following is NOT a source of financial risk?

Prepare for the CUNA Financial Counselor Exam. Use flashcards and multiple choice questions to study, with hints and explanations included. Ace your exam with thorough preparation!

Regular savings represent a financial strategy focused on building stability and security. Unlike the other options, which could lead to unpredictable financial burdens, regular savings help mitigate financial risk by providing a safety net or reserve for unexpected expenses. When individuals have a consistent savings plan, they are often better equipped to handle adverse situations like market fluctuations, illness, or natural disasters, all of which can impose significant financial strain. In essence, regular savings work to reduce financial risks rather than being a source of them.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy