The concept of being risk$-$averse means

Question $49$ options:

a$)$

investors don't want to take on any risk.

b$)$

investors would usually prefer investments with high standard deviations and a greater opportunity for gain.

c$)$

that the greater the risk, the lower the expected return must be$.$

d$)$

that for a given situation, investors would prefer relative certainty to uncertainty, and the greater the risk, the higher the expected return must be$.$