In Table 10

question 72

Multiple Choice

In Table 10.2,Column A is bank __________ and Column B is bank __________.

• A)assets;liabilities
• B)liabilities;assets
• C)on-balance sheet activity;off-balance sheet activity
• D)"shadow" activity;"open air" activity
• E)not enough information

---

Definitions:

Ratified

Formally approved or confirmed, often in the context of agreements or treaties.

Binding

A term describing an agreement or contract that is legally enforceable and must be adhered to by all parties involved.

Restrictive Covenant

A clause in a deed or lease that limits what the owner of the property can do with it, often to ensure the property's value or character is maintained.

Clause

A specific provision or section within a contract or legal document that stipulates specific terms, conditions, or obligations.