1.Sheila recently bought a new car. She was able to finance her purchase with a loan from her credit union that required her to make monthly payments for the next five years.Which of the following types of loans did Sheila likely receive?

working capital loan

installment loan

direct lease loan

bullet loan

2.Silverthorne State Bank's balance sheet lists the following assets and liabilities & capital including their corresponding balances:

Assets: required reserves $50; commercial loans-floating rate $200; commercial loans-fixed rate $300; consumer loans $150; mortgages-floating rate $400; mortgages-fixed rate $225; and corporate bonds-AAA rated $75.

Liabilities & capital: demand deposits $145; NOW accounts $150; MMDAs $250; CDs (short-term) $500; federal funds purchased $25; and capital $330.

Silverthorne wants to assess its interest rate risk. What is the bank's gap?

-$775

-$325

-$1,400

-$425