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    Financial Institutions Management
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    Exam 16: Off-Balance-Sheet Risk
  5. Question
    The Use of Letters of Credit (LCs) and Standby Letters
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The Use of Letters of Credit (LCs) and Standby Letters

Question 99

Question 99

True/False

The use of letters of credit (LCs) and standby letters of credit (SLCs) may result in an FI having a higher concentration ratio than desired for a particular industry.

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