as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
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how should a firm express its liquidity risk tolerance?
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a firm's liquidity risk tolerance should be appropriate for its business strategy, strategic direction, and overall risk appetite, often expressed as the percentage of total debt obligations not fully funded at a point in time.
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