(TCO E amp; F) A bank has a negative repricing gap and estimates that the spread between RSAs and RSLs will move inversely with interest rates. If…

(TCO E & F) A bank has a negative repricing gap and estimates that the spread between RSAs and RSLs will move inversely with interest rates. If interest rates increase NII will _____.

rise

fall

necessarily be unchanged

rise, or fall, depending on the size of the spread affect relative to the size of the CGAP effect