1. Dr.g earned her BSBA, MBA, and PhD degrees before the Reigle-Neal Act which meant every time she had to relocate to a new state (MS, GA, MA, NH) she had to ____ so she could pay her local bills efficiently.

a. move her CD account

b. open a new checking account at a bank in her new state

c. apply for a new bank, e.g., VISA, credit card

d. provide proof of citizenship

2. You are vice president in an international bank for business loans in the New England region. Most of your loans have a duration of 3-5 years but suddenly inflation increases and your boss, the vice president for business loans in the USA, tells you your cost of funds will increase immediately by 55 basis points. This situation is best described as ____ risk.

a. credit

b. liquidity

c. interest rate

d. operational