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17. Asset-backed commercial paper is backed by all of the following except... 18. A. Unsecured promissory notes. B. Mortgages. C. Car loans. D. Credit card

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17. Asset-backed commercial paper is backed by all of the following except... 18. A. Unsecured promissory notes. B. Mortgages. C. Car loans. D. Credit card receivables. E. All of the above. All else the same, if a bank's liabilities are more sensitive to interest rate fluctu- ations than are its assets, then . . . . . . . . in interest rates will. . . . bank profits. A. An increase; increase. B. An increase; reduce. C. A decline; reduce. D. A decline; not affect. E. None of the above

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