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9-40 One Method of Changing the Positive Leverage Adjusted Duration

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9-40 One method of changing the positive leverage adjusted duration gap for the purpose of immunizing the net worth of a typical depository institution is to increase the duration of the assets and to decrease the duration of the liabilities.


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Universal Brotherhood

The philosophical and ethical notion that all humans are connected and should treat each other with respect and kindness.

Constitution

The fundamental law or set of principles by which a state or organization is governed, defining the structure of government, the powers of its branches, and the rights of citizens.

Colonization

The process by which a country takes control over foreign lands, territories, or peoples to exploit them economically, often accompanied by settlement and economic domination.

Free Blacks

African Americans who were not enslaved and had either gained freedom through manumission, legal emancipation, or were born to free black parents.

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