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Basic Question 4 of 6

A ______ is an unpredictable event that is beyond what is normally expected of a situation and has potentially severe consequences.

A. white swan risk
B. black swan risk
C. grey goose risk

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I just wanted to share the good news that I passed CFA Level I!!! Thank you for your help - I think the online question bank helped cut the clutter and made a positive difference.
Edward Liu

Edward Liu

Learning Outcome Statements

describe the impact of geopolitical risk on investments

CFA® 2025 Level I Curriculum, Volume 1, Module 5.