Question: QUESTION 1 a) Define financial risk management. [2 Marks] b) List and describe three (3) different types of financial risks. [6 Marks] c) Briefly explain

QUESTION 1 a) Define financial risk management.

QUESTION 1 a) Define financial risk management. [2 Marks] b) List and describe three (3) different types of financial risks. [6 Marks] c) Briefly explain how hedging is used in financial risk management. [2 marks] d) Describe the difference between risk appetite and risk culture. [4 Marks] e) Describe the difference between systematic and unsystematic risk. [4 Marks] f) Outline any two (2) sources of financial risk. [2 Marks] [Total: 20 marks]

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