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31 January, 03:39

Off-balance-sheet activities consist of issuing financial instruments such as various types of guarantees and engaging in derivative trading to generate additional revenue. True or False

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  1. 31 January, 03:51
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    True

    Explanation:

    Off balance sheet items are transactions that generate fees for the business (such as guarantees), and to hedge against future loss (such as futures investments).

    Meaning assets and liabilities that are deferred or contingent to business success.
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