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Which of the following statements is true for off-balance-sheet business for banks? Select one: O a. Off-balance-sheet business is recorded on a bank's statement of
Which of the following statements is true for off-balance-sheet business for banks? Select one: O a. Off-balance-sheet business is recorded on a bank's statement of income and expense. O b. Off-balance-sheet business records deposits that do not fit on the balance sheet. O c. Off-balance-sheet business is a small part of a bank's income. O d. Off-balance-sheet business represents fee-based income
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