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When the interest rate increases by 3 percentage points, the percentage rate of change of the total value a bank's assets is approximately equal to

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When the interest rate increases by 3 percentage points, the percentage rate of change of the total value a bank's assets is approximately equal to the negative of the a. average duration of the the difference between the total value of the assets and the total value of the liabilities multiplied by 3% b. duration gap c. average duration of the the bank' s capital since the balance sheet is balanced d. average duration of the liabilities e. average duration of the assets multiplied by 3% Clear my choice

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