Risk management
What Risk management means in Economics GCSE, as defined for AQA.
Definition of Risk management
Check what you remember
Read the wording for your board, then hide it and explain Risk management in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
A function facilitated by institutions such as insurance companies, which offer financial protection against risks in exchange for regular premium payments.
Topics that use Risk management
Related terms
- Bank of England
- Building societies
- Business investment
- Central banking
- Commercial banking
- Financial institutions
- Financial intermediation
- Financial sector
Using Risk management in the exam
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