Question: When considering usage given default to measure your exposure at risk you should: a. Assume that the firm has drawn down the maximum liquidity available
When considering usage given default to measure your exposure at risk you should:
a.
Assume that the firm has drawn down the maximum liquidity available to it.
b.
Use the industry average as the benchmark figure.
c.
Exclude revolving credit facilities.
d.
Use the average of the last year's drawdowns.
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