Multiple Choice
Which of the following statements is true for off-balance-sheet business for banks?
A) Off-balance-sheet business is a small part of a bank's income.
B) Off-balance-sheet business is recorded on a bank's statement of income and expense.
C) Off-balance-sheet business represents fee-based income.
D) Off-balance-sheet business records deposits that do not fit on the balance sheet.
Correct Answer:
Verified
Correct Answer:
Verified
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