Exam (elaborations)
RSK2602 Assignment 1 (100% COMPLETE ANSWERS) Semester 1 2025
- Institution
- University Of South Africa (Unisa)
RSK2602 Assignment 1 (100% COMPLETE ANSWERS) Semester 1 2025 For assistance
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RSK2602/1/2025Fundamentals of Operational and Financial
Risk
RSK2602
Semester 1
Department of Finance, Risk Management and
Banking
IMPORTANT INFORMATION
Please register on myUnisa; activate your myLife e-mail address and make sure that
you have regular access to the myUnisa module site (RSK2602-2025-S1).
Dear Student
, The purpose of this document is to give you the details of Assessment 01
1 THE ASSESSMENTS
FIRST SEMESTER ASSESSMENT 01
Due date 20 March 2025
Answer the following questions and submit your assignment at https://my.unisa.ac.za.
Evaluate the accuracy of each of the following statements. Indicate whether you consider
the statement accurate (true) or not (false) and provide a full motivation for your answer.
NO MARK WILL BE AWARDED FOR A TRUE OR FALSE ANSWER WITHOUT A MOTIVATION.
2.1 Operational risk is speculative in nature.
True/False
False
Operational risk is classified as a pure risk, whereas speculative risks, like those in
investment, can offer potential gains alongside losses.
2.2 Where a bank is unable to meet unexpected demands for cash, it means that the bank is
illiquid and insolvent.
True/False
False
When a bank is unable to meet unexpected demands for cash, it means that the bank is
illiquid, not necessarily insolvent.
• Illiquidity: refers to a bank's inability to quickly access cash or other liquid
assets to meet its obligations, even if it has sufficient assets overall.
• Insolvency, on the other hand, occurs when a bank's liabilities (what it owes
to others) exceed its assets (what it owns).
2
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