Consider the following balance sheet positions for a financial institution:

Rate-sensitive assets = $250 million. Rate-sensitive liabilities = $300 million

Rate-sensitive assets = $600 million. Rate-sensitive liabilities = $350 million

Rate-sensitive assets = $270 million. Rate-sensitive liabilities = $250 million

a) Quantify the impact on net interest income of a 1% decrease in interest rates for each position

b) Quantify the impact on net interest income of a 1% increase in interest rates for each position.