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 choos

Answer 1

e to engage in fraudulent activities. Financial institutions may experience security breaches or data breaches. Financial institutions may invest customers' funds in high-risk assets, leading to potential losses. The financial institution may restrict or deny access to financial services or impose unreasonable fees. The financial institution may not adequately protect customers' personal and financial information. Overall, the major risk of using a financial institution is the possibility of financial loss or harm due to the institution's failure, fraudulent activities, breach of security, or poor customer service.