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The balance sheet of XYZ Bank appears below. All figures in millions of US Dollars. TOTAL ASSETS 970 TOTAL LIABILITIES & EQUIT Suppose that interest
The balance sheet of XYZ Bank appears below. All figures in millions of US Dollars. TOTAL ASSETS 970 TOTAL LIABILITIES \& EQUIT Suppose that interest rates rise by 2% on both Rate-Sensitive Assets and Rate-Sensitive Liabilities in oneyear time. The expected annual change in net interest income of the bank is: Select one: a. $350,000 b. $3,100,000 c. $2,700,000 d. $100,000 e. $1,550,000
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