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Please answer 26-30 26. What is meant by the term "Residual Risk"?...

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Finance

Please answer 26-30 image
26. What is meant by the term "Residual Risk"? a. The risks that are associated with lending to heirs of an estate b. Risks that simply exist when undertaking a particular activity Risks that remain after controls have been imposed d. Risks that emerge from future activities C. 27. Which of the following are likely to increase risk (choose all that apply)? a. Complexity b. Transparency C. Change d. Stability e. Centralization 28. Within a system of risk-based management, what are "controls"? a. Processes and procedures that help to limit risk b. Tests to identify errors C. Limits placed on certain activities d. All of the above could be controls e. None of the above 29. Controls can be divided into two categories: and 30. CAMELS rating is an acrohym that measure various risk elements of a bank. The "A" in CAMELS stands for: a. Adequacy of Capital b. Adequacy of Liquidity c. Asset Quality d. Allowance for Losses

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