The Balance Sheet of XYZ Bank Appears Below

question 97

Multiple Choice

The balance sheet of XYZ Bank appears below. All figures in millions of Canadian dollars. The cumulative one-year repricing gap (CGAP) for the bank is

• A)$25 million.
• B)$-140 million.
• C)$15 million.
• D)$-150 million.
• E)$-15 million.

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Definitions:

Royalty Income

Income received from the use of one's property or assets, such as patents, copyrighted works, or natural resources, by another party.

Fair Value

Fair Value is the estimated market price of an asset or liability, reflecting the price at which an informed transaction would take place between willing participants.

Tax Purposes

Refers to the specific motives or reasons related to computing taxable income, determining tax liabilities, and fulfilling tax reporting requirements under the law.

Personal/Rental Property

Refer to assets owned for personal use or rented out for income, impacting tax treatment and deductions.