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A lecturer is organizing a seminar aimed at undergraduate students, focusing on the different types of risks that banks face. This event is part of a broader financial career initiative designed to underscore the variety of potential risks in the banking sector, the importance of understanding and managing these risks, and to inspire students to pursue careers in financial risk management. Out of the provided definitions related to different banking risks, which one should be excluded from the seminar?
A
Credit risk is the risk of default on a debt that may arise from a borrower failing to make required payments.
B
Market risk is the risk of losses in positions arising from movements in market variables.
C
Market risk is the risk of losses in positions arising from movements in market variables.
D
Strategic risk is a subcategory of Operational risk which involves adopting an inadequate or inappropriate product mix strategy causing loss.