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42 Off-balance sheet business for banks: Select one: a. Has notional value much smaller than the value of balance-sheet assets. b. Is recorded on a
42
Off-balance sheet business for banks:
Select one:
a. Has notional value much smaller than the value of balance-sheet assets.
b. Is recorded on a bank's statement of income and expense.
c. Records deposits that do not fit on the balance sheet.
d. Represents contingent liabilities.
e. Forms a small part of a bank's income.
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