Question: pls do not handwrite the answer, this is for easy reading thank you! (except the equation) a) Explain, with examples, the terms liquidity risk and
pls do not handwrite the answer, this is for easy reading thank you! (except the equation)

a) Explain, with examples, the terms liquidity risk and operating risk. (30 marks) b) Demonstrate, using examples, how derivative securities can be used to manage market risk and exchange rate risk. (70 marks)
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