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A Standby Letter of Credit,backing the Issue of State and Local

Question 123

Multiple Choice

A standby letter of credit,backing the issue of state and local government general obligation bonds,is given a credit risk-weight of 20 percent because of its:


A) modest credit risk.
B) zero credit risk.
C) moderate credit risk.
D) low credit risk.
E) highest credit risk.

Correct Answer:

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