Which of the Following Statements Is True for Off-Balance-Sheet Business

question 36

Multiple Choice

Which of the following statements is true for off-balance-sheet business for banks?

• A) Off-balance-sheet business is a small part of a bank's income.
• B) Off-balance-sheet business is recorded on a bank's statement of income and expense.
• C) Off-balance-sheet business represents fee-based income.
• D) Off-balance-sheet business records deposits that do not fit on the balance sheet.

---

Definitions:

Flexor Digitorum Profundus

A deep muscle in the forearm that flexes the fingers, enabling gripping and manipulation of objects.

Extensor Carpi Radialis Longus

A muscle in the forearm that extends the wrist and aids in its abduction.

Tibialis Anterior

A muscle in the front part of the lower leg that is involved in dorsiflexion and inversion of the foot.

Gastrocnemius

A major muscle located in the back part of the lower leg, contributing to plantar flexion of the foot.