The two basic types of risk that people face regarding potential property losses are:
Understand the Problem
The question is asking about the types of risks related to potential property losses, specifically looking for the two basic categories that encompass these risks.
Answer
Physical damage and damage caused by criminal behavior.
The two basic types of risk that people face regarding potential property losses are physical damage and damage caused by criminal behavior.
Answer for screen readers
The two basic types of risk that people face regarding potential property losses are physical damage and damage caused by criminal behavior.
More Information
Physical damage includes any harm to property caused by environmental or accidental factors, while damage from criminal behavior covers losses like theft or vandalism.
Tips
Ensure to distinguish between physical and human-caused risks to correctly identify the categories.
Sources
- Personal Finance Chapter 8 - Quizlet - quizlet.com
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