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Which of the following risks facing financial institutions is/are the most relevant for a commercial bank? I. credit (or default) risk II. foreign exchange risk

Which of the following risks facing financial institutions is/are the most relevant for a commercial bank? I. credit (or default) risk II. foreign exchange risk III. interest rate risk IV. liquidity risk V. sovereign risk

	a.	I only
	b.	I, III, and IV
	c.	I, II, III, and IV
	d.	All of the risks listed are equally important at a commercial bank.

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