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Determine whether each of the following descriptions is characteristic of the parasympathetic division or the sympathetic division of the autonomic nervous system. Answers may be used more than once.
-its effect is to prepare the body for emergencies
Credit Risk
The risk of loss due to a borrower's failure to make payments on any type of debt.
Liquidity Risk
The risk that an entity will encounter difficulty in meeting obligations associated with financial liabilities.
Derecognition
The process of removing an asset or liability from a company's balance sheet because it has been disposed of or is no longer expected to provide future economic benefits.
Financial Asset
Any asset that is cash, an equity instrument of another entity, or a contractual right to receive cash or another financial asset.
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