Kemi was very eager to own a home. She purchased a property she could barely afford and drained her entire emergency savings fund. Leoni, on the other hand, prefers to rent for her entire life. She plans on signing new annual leases for the rest of her life. Compare these two regarding their liquidity and inflation risks.

Select answer from the options below

Kemi has higher liquidity and inflation risk.

Leoni has higher liquidity and inflation risk.

Kemi has higher liquidity risk, while Leoni has higher inflation risk.

Leoni has higher liquidity risk, while Kemi has higher inflation risk.