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    Financial Institutions Management Study Set 2
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    Exam 16: Off-Balance-Sheet Activities
  5. Question
    FIs May Issue Standby Letters of Credit to Cover Contingencies
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FIs May Issue Standby Letters of Credit to Cover Contingencies

Question 7

Question 7

True/False

FIs may issue standby letters of credit to cover contingencies that are potentially more severe, less predictable and not necessarily trade related.

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