How is the moon similar to a dollar?

There was once a college that offered a class on probability applied to the real world. The class was relatively easy, but there was a catch. There were no homework assignments or tests, but there was a final exam that would have only one question on it. When everyone received the test paper it was a blank sheet of paper with a solitary question on it: 'What is the risk?'.Most students were able to pass, but only one student received 100% for the class! Even stranger was that he only wrote down one word!
What did he write?

Can you complete the sequence puzzle?

AR TA GE CA LE VI LI _

First, think of the colour of clouds. Next think the colour of snow. Last, think of the colour of the moon. Now, what do cows drink?

If we tie a Sheep to one peg, a circled grass is been eaten by the Sheep. If we tie the Sheep to two pegs with a circle on its neck, then an eclipse is eaten out of the grass by the Sheep. If we want an eclipse then we put two pegs and then put a rope in between them and the other end of the rope is tied up on the Sheep's neck.

How should we tie the peg and the Sheep so that a square is eaten out from the garden grass? We only have one Sheep rope and the peg and the rings.

The ages of a father and son add up to 66.
The father's age is the son's age reversed.
How old could they be?
(3 possible solutions).

What has hands, but can’t clap?

A man is approaching a broad and barren land. He has a package with him. If somehow, he is unable to open the package before reaching the land, he will die.

Can you guess what is present in the package?

The more it dries, the wetter it becomes. Can you tell what it is?

One day, I thought of ways that can be used for creating a palindrome. So I decided that I will turn into a larger number by adding the reversed digits to the original number and keep doing it till I finally obtained a palindrome.

I am not sure if this process will always result in a palindrome eventually but I was able to produce a four-digit palindrome. Can you guess my starting number?