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(1) What is off-balance sheet (obs) risk? Discuss the major types of obs activities and briefly explain the type of risks they involve. Can you

(1) What is off-balance sheet (obs) risk? Discuss the major types of obs activities and briefly explain the type of risks they involve. Can you accurately asses/measure the risk attributes of an entity through its regular balance sheet? Were obs activities of concern during the 2007 2009 financial crisis?

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