Contingent Assets and Liabilities Are Assets and Liabilities Off the Balance

Multiple Choice

Contingent assets and liabilities are assets and liabilities off the balance sheet that:

A) produce positive or negative future cash flows for an FI
B) can be used in contingency situations, that is, they serve as a fall-back position
C) potentially can produce positive or negative future cash flows for an FI
D) None of the listed options are correct.