Patrick Jones is interested in purchasing a ${65}^{\text{'}\text{'}}$ LED TV for his living room. Patrick knows that right now the TV will cost approximately $$500.$ He is not sure he can afford this TV right now but is worried that if he waits, the cost of the TV will rise to $$800.$ Which type of risk is Patrick worried about?

Multiple Choice

Inflation risk

Interest rate risk

Income risk

Personal risk

Liquidity risk