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1. Which of the following is NOT an example of market risk? A) A share investor whose portfolio has been devastated by a stock-market crash.

1. Which of the following is NOT an example of market risk? A) A share investor whose portfolio has been devastated by a stock-market crash. B) A loan on which the borrower is unable to make scheduled repayments. C) A borrower who finds that interest rates in the money market are higher than expected. D) An importer that has to cope with an unexpected depreciating exchange rate. E) A fund manager intending to sell at a future date that may face falling share prices

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