What is the nature of an off-balance-sheet activity


Response to the following problem:

What is the nature of an off-balance-sheet activity? How does an FI benefit from such activities? Identify the various risks that these activities generate for an FI, and explain how these risks can create varying degrees of financial stress for the FI at a later time.

If possible, please give examples to better understand your response.

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Accounting Basics: What is the nature of an off-balance-sheet activity
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