A syndicated loan:

Question $17$ options:

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 country governments.

c$)$

represents a loan by a group of banks to a borrower.

d$)$

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.

e$)$

represents a direct loan by a syndicate of oil$-$producing exporters to a less developed country.