Pacific Bank holds assets and liabilities as follows: Assets Amount (million) Duration Liabilities Amount (million) Duration Business
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Question:
Pacific Bank holds assets and liabilities as follows:
Assets | Amount (million) | Duration | Liabilities | Amount (million) | Duration | ||||||||
Business loans | 750 | 4.4 | Savings deposits | 1,345 | 0.20 | ||||||||
Personal loans | 385 | 0.8 | Time deposits | 620 | 1.20 | ||||||||
Mortgage loans | 615 | 9.8 | |||||||||||
Average interest rate = 4.5% | Average interest rate = 2% | ||||||||||||
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Related Book For
Bank Management and Financial Services
ISBN: 978-0078034671
9th edition
Authors: Peter Rose, Sylvia Hudgins
Posted Date: