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Q1: Briefly explain three key goals of Asset/Liability Management (ALM)? (1.5 Marks) Q2: Discuss four Purposes of the Internal Risk Rating System (IIRS)? (2 Marks)

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Q1: Briefly explain three key goals of Asset/Liability Management (ALM)? (1.5 Marks) Q2: Discuss four Purposes of the Internal Risk Rating System (IIRS)? (2 Marks) Q3) What is the difference between default and bankruptcy? (1.5 Marks)

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