The balance sheet of XYZ Bank appears below. All figures in millions of Canadian dollars.
Suppose that interest rates rise by 2 percent on both RSAs and RSLs. The expected annual change in net interest income of the bank is
A) -$300,000.
B) $500,000.
C) -$2,800,000.
D) -$3,000,000.
E) $300,000.
Correct Answer:
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