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The treasury dealer division of an investment bank reports the following assets ( all amounts are in millions ) : 3 0 - day T
The treasury dealer division of an investment bank reports the following assets all amounts are in millions: day Tbills$day Tbills$month Tnotes$ and year Tnotes$ It reports the following liabilities: day repurchase agreements$ and year commercial papers$ What is the change in the dealer's net interest income NII in a year if the interest rates decrease by basis points?
A
The dealer's NII will increase by $ million.
B
The dealer's NII will decrease by $ million.
C
The dealer's NII will increase by $ million.
D
The dealer's NII will decrease by $ million.
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