1. Elucidate how a bank executive uses "Time Has Value, Risk Requires Compensation, and Information Is the Basis for Decisions" to select assets and issue liabilities consistent with shareholder preferences. 2. Presume you operate a bank in a country where the central bank is expected to embark on a series of interest rate increases. Based on gap analysis, would this scenario be more likely to hurt or help your bank's profitability, assuming your bank's liabilities are more interest sensitive than its assets? What steps might your bank take to prepare for this scenario? 3. Cyber risk has been recognized as a growing source of operational risk for financial institutions. Why might managing this risk at an individual firm level not be adequate? 4. Cmmercial banks have become increasingly involved in the real estate market. Plot the percent change from a year ago of real estate loans made by commercial banks (FRED code: REALIN) and discuss the relationship between the booms and busts in real estate lending and the expansions and recessions of the U.S. economy