What is speculative risk?

Question

(1 point)
Responses

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.

gain or increase in money and assets.

Answer 1

The correct response is: a category of risk that results in an uncertain degree of gain or loss.