The growth in off-balance-sheet activities during the two decades from 1990 to 2014 was due, in large part, to the use of derivative contracts.

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Off-balance-sheet activities refer to financial transactions that are not reflected on a company's balance sheet. Derivative contracts are a type of financial instrument used for hedging and speculation, and they are a common form of off-balance-sheet activity. Therefore, the growth in off-balance-sheet activities during the two decades from 1990 to 2014 was indeed due, in large part, to the use of derivative contracts.

The Growth in Off-Balance-Sheet Activities During the Two Decades from 1990