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Which of the following describes the off-balance sheet business of trade and performance related items? A form of guarantee provided by a bank to a

Which of the following describes the off-balance sheet business of trade and performance related items?

A form of guarantee provided by a bank to a third party, promising financial compensation for non-performance of commercial contract by a bank client

An undertaking by a bank to support the financial obligations of a client

The contractual financial obligations of a bank that are yet to be completed or delivered

None of the given answers

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