Refer to the information below for questions
Formosa Independence Bank has the following balance sheet:

-If all interest rates on the two sides of balance sheet decline by 65 basis points, when other things are equal, what is the change in net interest income for Formosa Independence Bank over the year?
A) $0
B) $1,400,000
C) -$1,400,000
D) $1,592,500
E) -$1,592,500
Correct Answer:
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