51) Which of the following is not related to credit risk:

1. Interest Rate Risk
2. Default Risk
3. Credit migration risk

52) The two components of credit risk are loss severity and

1. market liquidity risk
2. spread risk
3. probability of default

53) The best way to define credit risk is:

1. The risk of not receiving full interest and principal payments on a timely basis.
2. The risk that the price at which investors can actually transact differs from the quoted price in the market.
3. Risk that spreads widen on a security as a result of a lack of liquidity in the market.