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Identify the primary risk that is inherent in the following scenario: The COVID-19 pandemic has forced corporate America to face its most severe test since
Identify the primary risk that is inherent in the following scenario: The COVID-19 pandemic has forced corporate America to face its most severe test since the 2006/2010 financial crisis. A March 2020 Bloomberg article states that Boeing Co. drew down a $13.8 billion line of credit from its bankers while Hilton Worldwide Holdings Inc. and Wynn Resorts Limited are considering doing this same on their lines of credits totaling more than $2.5 billion. Financial institutions should therefore prepare themselves for this "dash for cash! Interest rate risk O Operational risk o Off Balance sheet risk O Credit risk O Liquidity risk Next
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