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NEW QUESTION: 1
Which of the following is not the responsibility of the asset and liability committee (ALCO)?
A. develop, evaluate, monitor and approve strategies related to risk due to imbalances in the asset and liability structure of the balance sheet
B. report to the board of directors
C. set limits on borrowing in the short-term markets to fund long-term lending
D. ensure that compliance is carried out efficiently
Answer: A