A Situation in Which Several Banks Pool Resources in the Eurocurrency

question 71

Multiple Choice

A situation in which several banks pool resources in the Eurocurrency market to extend credit to a borrower and spread the risk is known as ________.

• A)credit collaboration
• B)leverage equity financing
• C)syndication
• D)short-term Eurocurrency financing

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Definitions:

Statute of Frauds

A legal principle that requires certain types of contracts to be in writing and signed by the parties involved.

UCC

Uniform Commercial Code; a set of comprehensive laws governing all commercial transactions in the United States.

Oral Contract

A type of agreement that is made verbally and not recorded in written form, which can be legally binding if it meets certain criteria.

Subject Matter

the specific topic, content, or theme that is being discussed, studied, or dealt with.