When using a checklist approach to assess country risk, factors should be converted to some numerical forms and assigned equal weights.

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Factors should not be assigned equal weights as some factors may be more important or impactful than others. Also, numerical conversion may oversimplify complex factors and may not fully capture the nuances of country risk. It is important to use a holistic approach and consider multiple sources of information when assessing country risk.

When Using a Checklist Approach to Assess Country Risk, Factors