People can choose to avoid, reduce, retain, or transfer risk through the purchase of insurance. Each option has different costs and benefits.
Standard detail
MR.5
Depth 1Parent ID: 9C3EEC85D4804C6E9768D0D1ABB8C8A9Standard set: Grade 8
Original statement
Quick facts
- Statement code
- MR.5
- List ID
- 5
- Standard ID
- 2C05CF5D9DAC4DADA8997B6FBADEB36B
- Subject
- Personal Financial Education (2021)
- Grades
- 08
- Ancestor IDs
- 9C3EEC85D4804C6E9768D0D1ABB8C8A9
- Source document
- National Standards for Personal Financial Education
- License
- CC BY 4.0 US