18-59 Banks often convert on-balance-sheet bankers acceptances into off-balance-sheet letters of credit for the purpose of minimizing total assets and thus improving performance ratios such as ROA.

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The Answer of 18-59 Banks often convert on-balance-sheet bankers acceptances into off-balance-sheet letters of credit for the purpose of minimizing total assets and thus improving performance ratios such as ROA.

18-59 Banks Often Convert On-Balance-Sheet Bankers Acceptances into Off-Balance-Sheet Letters