B3. One of the important choices facing a financial institution manager is the relative scale of a bank's on and off-balance-sheet activities. (a) How does one distinguish between an off-balance-sheet asset and an off-balance-sheet liability? Provide examples in explaining your answer. (5 marks) ( b ) How is a financial institution exposed to draw down and aggregate funding risks when it makes loan commitments? How are these two contingent risks related? (5 marks) (c) Why do over-the- counter (OTC) contracts carry more contingent credit risk than do exchange-traded contracts