If a financial institution agrees to guarantee a swap agreement negotiated between two of its customers,usually:
A) it will mark the transaction as a deferred asset.
B) it will mark the transaction as a deferred liability.
C) it will mark the transaction as a contingent asset.
D) it will mark the transaction as a contingent liability.
E) it does not record the transaction in its books.
Correct Answer:
Verified
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