All the following statements concerning the relationship between wealth and financial risk tolerance are correct except:_______. A) Absolute risk tolerance increases with wealth since the wealthy have more money to spend on everything. B) People who earned their own wealth tend to be more risk tolerant than those who inherited their wealth from beloved relatives.
C) Relative risk tolerance increases with wealth if housing is included in the definition of wealth or classified as a risky asset.
D) People who acquired their wealth through a windfall are more apt to expose it to risk than those who worked hard for it.

Financial risk tolerance is the term which is described as the variability degree in the returns from the investment and which the investor is willing or ready to withstand for the financial planning.

Wealth is defined as the evaluated of the value of assets which is owned through or by the person, country, community and company.

So, the statement which is not true is that the relative risk tolerance increases with the wealth of the person if the housing involve in the wealth.