Question
The sum of the elements of each row in a credit transition matrix is A. Constant over time B. Changing over time depending on the
The sum of the elements of each row in a credit transition matrix is A. Constant over time B. Changing over time depending on the phase of the business cycle C. By definition equal to one D. Different between rows depending on the quality of the credit portfolio
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Principles Of External Auditing
Authors: Brenda Porter, Jon Simon, David Hatherly
4th Edition
0470974451, 9780470974452
