Question

A syndicated loan: a. represents a loan by a single bank to a syndicate of corporations. b. represents a loan by a single bank to a syndicate of corporations AND represents a loan by a single bank to a syndicate of country governments. c. represents a loan by a group of banks to a borrower. d. represents a direct loan by a syndicate of oil-producing exporters to a less developed country. e. represents a loan by a single bank to a syndicate of country governments.

Answer 1

The correct answer is letter "C": represents a loan by a group of banks to a borrower.

Step-by-step explanation:

A Syndicated Loan is one that involves a group of lenders -the syndicate- who pol their lending resources to make a loan. The loan could be to a large corporation, government or a special purpose project. For instance, the expansion of the Panama Canal was financed with a syndicated loan.