Multiple Choice
Durango Bank has $2 million in rate-sensitive liabilities and $3 million in rate-sensitive assets. Durango's gap is ____, and Durango is probably more concerned about a(n) ____ in interest rates.
A) -$1 million; increase
B) -$1 million; decrease
C) $1 million; increase
D) $1 million; decrease
E) none of the above
Correct Answer:
Verified
Correct Answer:
Verified
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