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The off-balance-sheet business of banks has expanded significantly and, in notional dollar terms, now represents over seven times the value of balance-sheet assets. Define what
The off-balance-sheet business of banks has expanded significantly and, in notional dollar terms, now represents over seven times the value of balance-sheet assets. Define what is meant by the off-balance-sheet business of banks. Identify the four main categories of off-balance-sheet business and use an example to explain each category.
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