Which of the Following Is NOT an Off Balance Sheet

question 93

Multiple Choice

Which of the following is NOT an off balance sheet activity for U.S.banks?

• A)Derivative contracts.
• B)Loan commitments.
• C)Standby letters of credit.
• D)Trust services.
• E)When-issued securities.

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Definitions:

Percent

A mathematical term that represents a number as a fraction of 100.

Cent

A unit of currency used in several nations, equivalent to 1/100th of a dollar, euro, or similar decimal-based currency.

Significant Figures

The digits of a number that are meaningful in terms of accuracy or precision, important in scientific and mathematical calculations.

Percent

A part or other object per hundred, used in mathematics to describe how one quantity relates to another in terms of proportion or fraction.