Large international firms deal in considerable volumes of goods and often must obtain a(n)_____ from a group of banks known as a syndicate..

Question

Quizplus · Accepted Answer

Large international firms often need to deal with considerable volumes of goods and may require significant amounts of financing to manage their transactions. A participation loan is a type of financing where multiple lenders, often referred to as a syndicate, come together to provide a large loan to a single borrower. This is common in international trade and large projects where the financial needs exceed what a single lender is typically willing to provide.

Large International Firms Deal in Considerable Volumes of Goods and Often