Patrick Jones is interested in purchasing a ${65}^{\text{'}\text{'}}$ LED TV for his living room. He knows that right now the TV will cost approximately $$500.$ However, Patrick is a little concerned about his job. Patrick is a pilot for Delta Airlines, and he thinks it is possible that he could be laid off in the near future. What type of risk is Patrick worried about?

Multiple Choice $$

Income risk

Inflation risk

Liquidity risk

Personal risk

Interest rate risk

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