Which of the Following Is NOT an Off-Balance Sheet Activity

question 56

Multiple Choice

Which of the following is NOT an off-balance sheet activity of banks?

• A)Financial advice
• B)Standby letters of credit
• C)Line of credit
• D)Financial guarantees

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Definitions:

Molten Rock

Rock that has been heated to a temperature where it becomes liquid, known as magma beneath the Earth's surface and lava when it erupts.

Underground Body

A mass of geologic material beneath the Earth's surface, such as rock formations, ore bodies, or aquifers.

Continental Settings

The environmental and geological conditions found on the continents, as opposed to oceanic settings.

High Continental Plateaus

Elevated expanses of land that sit significantly higher than the surrounding area, typically formed by tectonic activity.