The Balance Sheet of XYZ Bank Appears Below

question 33

Multiple Choice

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.

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