As of the first quarter of 2015,the vast majority of OBS activities of commercial banks was
A)future and forward contracts.
B)credit derivatives.
C)commitments to buy foreign exchange (FX).
D)swap contracts.

Question

Quizplus · Accepted Answer

According to the Financial Accounts of the United States for the first quarter of 2015, the largest percentage of OBS activities of commercial banks was from swap contracts, which accounted for 58.7% of total OBS activities. Future and forward contracts accounted for 15.7%, credit derivatives accounted for 12.9%, and commitments to buy FX accounted for 12.7%. Therefore, the best choice is D, swap contracts.

As of the First Quarter of 2015,the Vast Majority of OBS