Question

match each word with its best definition.
risk
income
personal finances
budget
opportunity cost
a plan that balances available resources and expenses
the chance or possibility of loss
the cost of using one resource over another
money earned
an individuals assets and management of them

Explanation:

• "risk" is defined as the chance or possibility of loss.
• "income" is money earned.
• "personal finances" refers to an individual's assets and management of them.
• "budget" is a plan that balances available resources and expenses.
• "opportunity cost" is the cost of using one resource over another.

Answer:

• risk: the chance or possibility of loss
• income: money earned
• personal finances: an individual's assets and management of them
• budget: a plan that balances available resources and expenses
• opportunity cost: the cost of using one resource over another