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'mitigate the risk'

What is the meaning of 'mitigate the risk' in the modern financial world? Explain.

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What is the meaning of 'mitigate the risk' in the modern financial world? Explain.

There are several types of risks in the modern financial world. These risks can be credit risk, risk from accident, risk from failure of key projects, financial risks from natural causes and disasters, risks from malicious attacks from competitors or from unknown origin, and risks from uncertainties in ...

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'mitigate the risk' is discussed in great detail in this solution.

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