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Question 8 (1 point) Michigan Bank & Trust (MBT) is adequately capitalized. Suppose the national average rate on 1-year CDs is 1.0%, and the 1-year

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Question 8 (1 point) Michigan Bank & Trust (MBT) is adequately capitalized. Suppose the national average rate on 1-year CDs is 1.0%, and the 1-year Treasury Bill rate is 0.5%. Then for all new 1-year CD deposits, MBT cannot pay below 1.75% O MBT cannot pay above 0.25% O MBT cannot pay below 1.25% MBT cannot pay above 1.75% MBT cannot pay above 1.25% O MBT can pay any rate it wants MBT cannot pay below 0.25%

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