All of the Following Are Off-Balance-Sheet Transactions of a Bank

question 4

Multiple Choice

All of the following are off-balance-sheet transactions of a bank except:

• A) documentary letters of credit.
• B) performance guarantees.
• C) underwriting facilities.
• D) bills receivable.

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Definitions:

Output Rising

A situation where the production of goods and services in an economy increases over a certain period.

Optimal Efficiency

The most advantageous level of efficiency where resources are utilized in a way that maximizes output or benefits without waste.

Operating

refers to the day-to-day functions and activities carried out in managing an organization or business.

Output

The total amount of goods and services produced by a business, industry, or economy within a particular time frame.