1. The goal of defensive asset-liability management is

   1. to insulate the NII from changes in interest rates.

   2. to increase NII through altering the portfolio of the institution.

   3. to change in the volume of earning assets.

   4. to change in the portfolio mix of earning assets.

   5. none of the above

2. An asset or liability is normally classified as rate sensitive within a time interval if It matures beyond the indicated time period

3. True
4. False