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:

Unforeseeable

An event or condition that could not reasonably be predicted or expected.

Intervening Cause

An event that occurs after the defendant's act that contributes to the harm or damage, potentially absolving the defendant of liability because it breaks the chain of causation.

Reasonably Necessary

A standard requiring actions or measures that are logically appropriate and needed to achieve a certain goal or outcome, considering the circumstances.

Risk Of Harm

The potential for individuals to experience injury, damage, or loss as a result of certain actions or events.