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a)Explain what is meant by a firms risk culture and specify why it is important in risk management. b)Explain the concepts of liquidity and liquidity
a)Explain what is meant by a firms risk culture and specify why it is important in risk management.
b)Explain the concepts of liquidity and liquidity risk. In your answer, identify and describe the main categories of liquidity sources, and explain the concept of a liquidity buffer.
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