Finished Saturday, 25 June 2022, 11:41 AM 40 mins 1sec 14.00/35.00 6.00 out of 15.00(40%) Northpac Bank has $290 million of rate-sensitive assets and $250 million of rate-sensitive liabilities over 1 -year horizon. Suppose that interest rate rises by 6% on RSAs and by 2% on RSLS, what is the expected change in annual net interest income (NII) in $ millions? (Please present your answer in terms of millions and round it to the nearest 2 decimal places. E.g. if your answer is 5,111,000, please insert 5.11.) The correct answer is: 12.40 Which of the following about the recent trends in Australia's financial services industry is TRUE? a. Superannuation funds are subject to similar levels of regulatory requirements as hedge funds. X