​​What is speculative risk?

Question

(1 point)
Responses

gain or increase in money and assets.
gain or increase in money and assets.

loss of money or decrease in value.
loss of money or decrease in value.

a category of risk that results in an uncertain degree of gain or loss.
a category of risk that results in an uncertain degree of gain or loss.

a formula that measures profit and loss.
a formula that measures profit and loss.

Answer 1

Speculative risk is best defined as a category of risk that results in an uncertain degree of gain or loss.