Use the Following Table to Answer the Question

question 50

Multiple Choice

Use the following table to answer the question :

-If interest rates rise by 5 percentage points,say,from 10 to 15%,bank profits (measured using gap analysis) will

• A)decline by $0.5 million.
• B)decline by $1.5 million.
• C)decline by $2.5 million.
• D)increase by $1.5 million.

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Definitions:

Budget

A plan that commits resources to projects or activities.

Vision

A future-oriented declaration of the organization's goals and aspirations, intended to guide its internal decision-making.

Corporate Strategy

The overall plan and direction devised by the management of a company to achieve long-term business objectives.

Business Strategy

A plan of action designed by an organization to achieve its long-term goals and secure a competitive position in the market.