1. A business is concerned with many day-to-day activities. Some of the most important are the planning and conception of the product or service, its pricing policy, and the distribution strategy. These activities are all a part of: Select: 1 Marketing. Human Resources. Accounting. Production. A control system.
2. If a bank invested $60 million in a two-year asset paying 12 percent interest per year and simultaneously issued a $60 million one-year liability paying 9 percent interest per year, what would be the impact on the bank’s net interest income if, at the end of the first year, all interest rates increased by 2 percentage point? (Input the amount as a positive value. Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places. (e.g., 32.16))