Bank C has the following interest-sensitive assets and interest-sensitive liabilities.

Interest-sensitive assets	Amount maturing in 30 days (million)		Interest-sensitive liabilities	Amount maturing in 30 days (million)
Loans	810		Savings deposits	570
Securities	63		Time deposits	330
			Money market	116
Interest rate on interest-sensitive assets is 5% Interest rate on interest-sensitive liabilities is 3%

1.Does Bank C have a positive or negative gap? Explain

2.Does Bank C have asset-sensitive gap or liability-sensitive gap? Explain

3.Interest rate is expected to increase 1% (for both interest-sensitive assets and liabilities) 30 days later. Will Bank C benefit from the interest rate rise? Explain your answer. Show your calculations.