Classify the following items as (1) On-balance-sheet assets, (2) On-balance-sheet liabilities, (3) Off-balance-sheet assets, (4) Off-balance-sheet liabilities,

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Classify the following items as
(1) On-balance-sheet assets,
(2) On-balance-sheet liabilities,
(3) Off-balance-sheet assets,
(4) Off-balance-sheet liabilities, or
(5) Capital account. Classification

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a Loan commitments 3 b Loan loss reserves 5 c Letter of credit 2 d Bankers accept...View the full answer

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