The use of off-market rates is discouraged and should be permitted only:
A) When the bank's income is secured on the trade.
B) If the unsecured credit is taken into account.
C) It the bank knows the customer very well.
D) When there are written procedures and policies for such transactions.

Question

Quizplus · Accepted Answer

The use of off-market rates is discouraged, but if permitted, there should be written procedures and policies for such transactions to ensure proper oversight and risk management.

The Use of Off-Market Rates Is Discouraged and Should Be