The Following Information Details the Current Rate Sensitivity Report for Gotbucks

question 14

Multiple Choice

The following information details the current rate sensitivity report for Gotbucks Bank, Inc. ($million) .
-Calculate the funding gap for Gotbucks Bank using (a) a 30 day maturity period and (b) a 91 day maturity period?

• A)-$25 and +$80.
• B)-$50 and -$75.
• C)-$75 and +$5.
• D)+$55 and -$40.
• E)0 and 0.

Distinguish between perfected and unperfected security interests and their priorities.

Understand the conditions under which a secured party can take possession of collateral and the options following a debtor's default.

Realize the implications of default and the rights of secured parties to repossess and dispose of collateral.

Grasp the concept of a security agreement and its role in secured transactions.

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Definitions:

Equitable Remedy

A judicial order enforcing a right or redressing a wrong, guided by principles of equity rather than strict legal rules.

Consensus

An element of a valid contract; both parties must objectively know and agree to its terms through an offer and an acceptance.

Rectification

The legal process of correcting a mistake in a document to reflect the true intentions of the parties involved.

Breach of Contract

The violation of a contractual obligation by failing to perform one's own promise, by impeding another party's performance, or by otherwise making performance impossible.