题目内容
（请给出正确答案）
Term loans can be used to fund ______.
A．the purchase of inventory
B．the purchase of equipment covering a period over one year
C．the purchase of building materials
D．securities dealers to purchase new securities
简答题官方参考答案
（由简答题聘请的专业题库老师提供的解答）
更多“Term loans can be used to fund ______.A．the purchase of inventoryB．the purchase of equipme”相关的问题
Which of the following statements about the SBA program can be inferred from the passage？
A．The maximum term for loans made to recipient businesses was 15 years.
B．Business loans were considered to be more useful to recipient businesses than was management and technical assistance.
C．The anticipated failure rate for recipient businesses was significantly lower than the rate that actually resulted.
D．Recipient businesses were encouraged to relocate to areas more favorable for business development.
Which of the following statements about the SBA program can be inferred from the passage？
A．The maximum term for loans made to recipient businesses was 15 years.
B．Business loans were considered to be more useful to recipient businesses than was management and technical assistance.
C．The anticipated failure rate for recipient businesses was significantly lower than the rate that actually resulted.
D．The capitalization needs of recipient businesses were assessed and then provided for adequately.
A、term
B、connection
C、delivery
D、selection
(21)
Section B – TWO questions ONLY to be attempted
The finance division of GoSlo Motor Corporation has made a number of loans to customers with a current pool value of $200 million. The loans have an average term to maturity of four years. The loans generate a steady income to the business of 10·5% per annum. The company will use 95% of the loan’s pool as collateral for a collateralised loan obligation structured as follows:
– 80% of the collateral value to support a tranche of A-rated floating rate loan notes offering investors LIBOR plus 140 basis points.
– 10% of the collateral value to support a tranche of B-rated fixed rate loan notes offering investors 11%.
– 10% of the collateral value to support a tranche as subordinated certificates (unrated).
In order to minimise interest rate risk, the company has decided to enter into a fixed for variable rate swap on the A-rated floating rate notes exchanging LIBOR for 8·5%.
Service charges of $240,000 per annum will be charged for administering the income receivable from the loans.
You may ignore prepayment risk.
Required:
(a) Calculate the expected returns of the investments in each of the three tranches described above. Estimate the sensitivity of the subordinated certificates to a reduction of 1% in the returns generated by the pool. (10 marks)
(b) Explain the purpose and the methods of credit enhancement that can be employed on a securitisation such as this scheme. (4 marks)
(c) Discuss the risks inherent to the investors in a scheme such as this. (6 marks)
An auto loan
John Baker works in the loan department of a bank in Denver, Colorado. He is a loan of- ricer. Stanley Fanelli has an appointment with him now to ask about a loan. He needs money to buy a new car.
Mr. B: Hello, Mr. Fanelli. Please have a seat. What can I do for you today？
Mr. F: I want to borrow some money to buy a car. A friend of mine, Jack Richardson, bought a new car last week. He told me that he got his loan here.
Mr. B: Oh yes. I remember him. I was the loan officer who spoke with him.
Mr. F: He said that you were very helpful. I know very little about loans and I hope you can explain things to me.
Mr. B: I will certainly try. What questions did you have for me？
Mr. F: First, I want to know if loans for buying cars are commercial loans or personal loans.
Mr. B: Neither, Mr. Fanelli. They're auto loans. A commercial loan is principal that banks lend to businesses. Personal loans are made to individuals, but not for buying cars.
Mr. F: What about interest rates？
Mr. B: The rate of interest currently in effect on auto loans is 16%.
Mr. F: For how long will I have to make monthly payments？
Mr. B: The term of the loan is three years, so there will be 36 monthly payments.
Mr. F: Do I have to give the bank any collateral？
Mr. B: The car serves as collateral. If you default, the bank can take possession of the car. The bank also checks your credit file to make sure that you always paid back your loans in the past. Do you have any charge accounts？
Mr. F: My wife and I bought our furniture with our charge card and we even used it to buy airplane tickets for our vacation in California last year. We paid off both those debts promptly.
Mr. B: That's very good. I assume there will be no problem. But the first thing you have to do is fill out this loan application.
Mr. F: Thank you very much. I'll start right now.
State whether each statement is true or false based on the dialogue between John Baker and Stanley Fanelli.
Mr. Fanelli needs a loan to buy his new car.
A．True
B．False
A．We can only find one particular solution in particular term, which we call "genetic revolutionary change".
B．It is difficult for us to find particular features and tell the faces because of "genetic crossover and mutation".
C．We have no idea to switch features between some of the images and by making random changes to others in evolutionary terms.
D．We can Search a large number of the features and resolve difficuties in evolutionary terms, which we call "genetic revolutionary change".
听力原文：W: What are you doing this term？
M: Oh, I'm still studying English. I have to do one more term before I can start my real study.
W: You make it sounds like a prison. How are the class going？
M: I don't know. It seems that they never tell us what we really need to know.
W: What do you mean？
M: Well, when I study math, for example, I go to class, I keep up, I do the homework, and I know it.
W: How is your English Class different？
M: In the first place, they don't want to teach us all the rules. They tell us one rule. OK, we use that rule, but soon it doesn't work. It becomes more and more complicated.
W: But you don't learn a language from the rules anyway. You have to use it.
M: Yes. That's something else they tell us. But I just wonder why we can't just go to class, study, and do our homework.
W: Well, can you learn to play football by sitting at home and reading about it？
M: No, of course not.
W: But why not？ You could understand the rules, toe.
M: Football isn' like math. You have to feel the ball, practice kicking it thousands of times, No one can learn it by reading at home.
W: Well, language is like football. You have to ask a lot of questions, and listen to the answers carefully. And then, f course, lots of practice on all the skills—reading, speaking, spelling, writing...
M: Maybe I'll join a football team and practice English and football at the same time. I can talk with people before and after practice.
W: Good idea.
(23)
A．His mother tongue is not English.
B．His major is English.
C．His major is math.
D．His major is football.
短文理解
听力原文： Spot transaction means the actual and variable amount of the currency of one country which at any given time, can be bought for a fixed sum in the currency of another country. It is a term meaning that these transactions are settled on the second working day from the date of the deal. For example, you buy $ 5,000.00 US dollars on October 10th(say Wednesday) , the purchased US dollars will value on October 12th.
21. What does spot transaction mean？
22.When are the spot transaction settled？
23.What's the value date for purchase of $ 5,000.00 US dollars in the passage？
(21)
A．It means that at any time you can buy currency of one country for another currency.
B．It means that the actual and variable amount of one currency can be bought for a fixed sum in another currency at any given time.
C．It means that any kind of currency can be bought at any time for another currency.
D．It means that the actual and fixed amount of the currency of one country at any time can be bought for a variable sum in the currency of another currency.
Usually the borrowing firm of term loans promises to repay ______.
A．the principal and interest until the end of the loan period
B．the principal and interest at the end of the loan period
C．the loan in a series of installments
D．at any time when cash is more abundant ______.
警告：系统检测到您的账号存在安全风险
为了保护您的账号安全，请在“简答题”公众号进行验证，点击“官网服务”-“账号验证”后输入验证码“”完成验证，验证成功后方可继续查看答案！
