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:

Nordstrom

A high-end department store chain known for its customer service and product selection.

Saks Fifth Avenue

A high-end American department store chain known for offering luxury goods and designer apparel.

Bloomingdale's

An American luxury department store chain founded in New York City, known for selling designer brands and high-end merchandise.

Community Shopping Center

A retail location that typically has one primary store (usually a department store branch) and often 20 to 40 smaller outlets, serving a population of consumers who are within a 10- to 20-minute drive.