Losses that arise as a result of the impact of unfavourable movements in market prices are known as operational risk.

Name: Losses that arise as a result of the impact of unfavourable movements in market prices are known as operational risk.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Operational risk refers to the risk of loss resulting from inadequate or failed internal processes, people, and systems, or from external events, not from market price movements.

Losses That Arise as a Result of the Impact of Unfavourable