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Question
The Garic State Bank of New Orleans has been under water for three weeks since hurricane Katrina hit the state. The lobby is full of mud and other debris. Many of the valuables stored in the bank's safety deposit boxes have been ruined. John Garic, the President and CEO of the bank, has been working night and day to reopen the bank. What type of risk has John been dealing with?
A. Credit risk
B. Liquidity risk
C. Market risk
D. Interest rate risk
E. Operational risk
Answer
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Related questions
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C. Investment income is added to gross interest received.
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