An off-balance-sheet activity does not appear on the current balance sheet because it does not involve holding a current primary claim or the issuance of a current secondary claim.

________ controls are designed to make sure an organization's control environment is stable and well managed.

A) Application B) Detective C) General D) Preventive

Given the yield curve for US Treasury zero-coupon bonds, which spread is most helpful pricing a corporate bond? The:

A. Z-Spread. B. TED spread. C. Libor-OIS spread