Which of the following is NOT an example of off-balance-sheet lending?
A) a swap
B) a standby letter of credit
C) a loan commitment
D) a loan sale
A
You might also like to view...
List and describe the four components of GDP
What will be an ideal response?
Traditional models see no role for the government in pushing individuals toward the preferred equilibrium.
Answer the following statement true (T) or false (F)
An action taken by two companies to combine as a single entity
What will be an ideal response?
A citizen in a developing country with a currency policy of convertibility on the current account could engage in all of the following transactions except:
A. sell foreign currency resulting from the exports of manufactured t-shirts. B. sell foreign currency resulting from the sale of a U.S. treasury bond. C. purchase foreign currency in order to import a BMW. D. purchase foreign currency in order to purchase a U.S. treasury bond.