Multiple Choice
Consider an FI with the following off-balance-sheet items: A two-year loan commitment with a face value of $120 million, a standby letter of credit with a face value of $20m and trade-related letters of credit with a face value of $70 million. What is the total credit equivalent amount?
A) $63 million
B) $94 million
C) $105 million
D) $310 million
Correct Answer:
Verified
Correct Answer:
Verified
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