Which of the Following Are Off-Balance-Sheet Activities

question 66

Multiple Choice

Which of the following are off-balance-sheet activities?

• A) taking loans from the Fed
• B) issuing mortgage backed securities
• C) both of the above
• D) neither of the above

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Definitions:

Contract

An agreement between two or more parties creating enforceable obligations.

Substituted Contracts

New agreements that replace and fulfill the obligations of a prior contract, agreed upon by all parties involved.

Original Contracts

The initial agreements made between parties before any modifications or revisions are made.

Discharge

The release or termination of an obligation, such as a debt, duty, or liability, often occurring through payment, completion, or legal means.