A bank has the following balance sheet: SETSRETURN %MILLION $LIABILITIES COST %MILLION $ Cash0.0035Fixed-rate Deposits3.5290 Securities4.00300Variable-rate Deposits2.00260 Short-term loans6.00225Fed funds2.5075 Long-term fixed rate Loans6.75250Long-term Debt fixed rate5.50150 EQUITY 35 Total 810Total 810 If the spread effect is zero and all interest rates increase 60 basis points, the bank's NII will change by over the year. Group of answer choices $700,000 -$1,140,000 $1,140,000 $0 -$700,000

$1,140,000

Explanation:

Calculation to determine what the bank's NII will change by

First step is to calculate the bank's one-year repricing gap

Using this formula

Repricing gap=RSAs - RSLs

Where,

RSAs =Securities+Short-term loans

RSLs =Variable-rate Deposits+Fed funds

Let plug in the formula

($ Million)

Repricing gap=[$300 + $225] - [$260 + $75]

Repricing gap=$190

Now let calculate what the bank's NII will change by

Using this formula

Change in bank's NII=Repricing gap*Interest rates

Let plug in the formula

Change in bank's NII=$190,000,000*0.0060

Change in bank's NII =$1,140,000

Therefore If the spread effect is zero and all interest rates increase 60 basis points, the bank's NII will change by $1,140,000

administrative jobs normally have someone answering phone calls and scheduling appointments, filing patient or customer information, making sure the front of the office looks nice to those who enter the building. administrative jobs can also include making sure the manager has everything they need for meetings, making delivers and much more. administrative jobs are important to most businesses as are customer service focused as they are often one of the first impressions a consumer sees of a business.