Cash management systems for business concerns are NOT an off-balance-sheet activity of banks.

Question

Quizplus · Accepted Answer

Cash management systems for business concerns are considered an off-balance-sheet activity because they do not appear on the bank's balance sheet as an asset or liability. These services involve managing the cash flows of businesses, which does not directly affect the bank's financial position in terms of its assets and liabilities.

Cash Management Systems for Business Concerns Are NOT an Off-Balance-Sheet