Which of the Following Statements Is True

question 29

Multiple Choice

Which of the following statements is true?

• A)Off-balance-sheet transactions for Australian banks include direct credit substitutes, interest rate derivative contracts and foreign exchange derivative contracts.
• B)On-balance-sheet transactions for Australian banks include direct futures and forward contracts.
• C)Off-balance-sheet transactions for Australian banks include the commercial loans and term deposits.
• D)All of the listed options are correct.

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Definitions:

Obtain Resources

The act of securing the assets, finances, or materials required by a business or organization to operate and achieve its objectives.

Corporation

A legal entity that is separate and distinct from its owners, capable of owning property, carrying on business, and suing or being sued.

Book Publisher

A company or individual responsible for the reproduction, marketing, and distribution of books.

Manufacturing Business

A type of business that produces goods through the process of raw materials conversion using labor, machinery, and equipment.