首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
外语
Conventional wisdom says that it is better to be a large company than a small one when credit is tight. Bigger firms have more r
Conventional wisdom says that it is better to be a large company than a small one when credit is tight. Bigger firms have more r
admin
2010-10-28
29
问题
Conventional wisdom says that it is better to be a large company than a small one when credit is tight. Bigger firms have more room for maneuver(机动):They have access to more types of funding, they have more fat to cut, and they have greater bargaining power with lenders. Even so, life is getting ever more uncomfortable for the bigger beasts of the corporate jungle.
According to the Federal Reserve’s most recent lending survey, American banks are tightening terms more aggressively for bigger firms than for smaller ones. Lenders are more cautious than they
have been at least since 1990. The story among European banks is similar. Lenders in emerging markets can be more suspicious of multinational firms than they are of locals. "We just don’t know what they’ve got on their balance-sheets back home," says one bank boss in Africa.
Violent movements in exchange rates are causing additional headaches, says Andrew Balfour of Slaughter & May, a law firm. Calculations of financial ratios can be thrown out by wild currency movements, potentially triggering breaches of loan agreements. Companies with sterling-denominated credit lines may find that their facilities are not big enough as a result of the pound’s recent sharp fall, for instance.
It is not panic stations yet. Most firms can survive for a while with the credit tap turned off. Analysis by Moody’s, a rating agency, shows that the vast majority of highly rated companies in America and Europe have enough headroom, in the form of cash and undrawn bank facilities, to be able to survive for 12 months without needing new financing. European corporate-debt markets have seen a rare flurry(惊慌) of issues in the past few days by opportunistic, highly rated firms.
Governments are also working hard to prop up credit markets. The Fed’s program to buy commercial paper, a form of short-term company debt, had acquired almost $300 billion by November 26th. Banks on both sides of the Atlantic are issuing lots of government-backed bonds, which should encourage lending.
What might be the consequential result of violent movements in exchange rates?
选项
答案
It may potentially trigger breaches of loan covenants.
解析
本题考查汇率变化幅度太大会产生的后果。由定位句可以看出,剧烈的货币运动会使金融比率一文不值,也就造成贷款契约遭到破坏的危险。因此本题答案是It may potentially trigger breaches of loan covenants.
转载请注明原文地址:https://kaotiyun.com/show/Egz7777K
0
大学英语六级
相关试题推荐
A、Teacherandstudent.B、Doctorandpatient.C、Lawyerandclient.D、Interviewerandinterviewee.D
A、Forscientificstudy.B、Forfieldguides.C、Forentertainment.D、Forsomefilmbackgroundsounds.C事实细节题本题目的关键点在于注意题目中的not。原文
A、GeorgeWashington.B、ThomasJefferson.C、JamesMadison.D、AbrahamLincoln.C细节辨别题对话中提到几位总统的名字,但是白宫被烧时在位的总统是JamesMadison。
Directions:Forthispart,youareallowed30minutestowriteashortessayentitledALettertotheMayor.Youshouldwriteat
Wantproductivityandsuccessinthebusinessworld?Orareyouseekingtobuildyourownfinancialfreedom?Recentstudies
A、Heisaprofessionalpickpocket.B、Heisanundercoverpoliceman.C、Heisinterestedintraveling.D、Heisinterestedindocum
Inoursociety,wemustcommunicatewithotherpeople.Agreatdealofcommunicatingisperformedonaperson-to-person【C1】_____
RobertSpring,a19thcenturyforger,wassogoodathisprofessionthathewasabletomakehislivingfor15yearsbyselling
A、Theman’sbrother.B、Theman’sroommate.C、Aneighbor.D、Aphotographer.B
A、GiveJackadifferentoffice.B、Complaintothedepartmenthead.C、Movethesuppliestothestorageroom.D、Trytogetaroom
随机试题
敲钟人卡西莫多的形象出自文学大师雨果创作的()。
骨骼摄影距离的最佳选择是
患者腹大坚满,胸脘痞闷,烦热口苦,身目发黄,小便短赤,大便干结,舌红苔黄腻,脉弦数。其证型是
用药咨询是药师应用所掌握的药学知识和药品信息,承接公众对药物治疗和合理用药的咨询服务,对临床合理用药有关键性作用。根据药物咨询对象的不同,可以将其分为患者、医师、护士和公众的用药咨询。下列多由患者提出的用药咨询内容是()。
2011年9月1日,某法院受理了湘江服装公司的破产申请并指定了管理人,管理人开始受理债权申报。下列哪些请求权属于可以申报的债权?
世界银行贷款对已订立贷款契约而未使用的部分,要按年征收( )的承诺费。
ABC公司下设A、B两个投资中心,A投资中心的平均净经营资产为700万元,部门投资报酬率为20%;B投资中心的部门投资报酬率为22%,剩余收益为105万元;ABC公司对A中心要求的平均最低部门税前投资报酬率为15%,对B中心要求的平均最低部门税前投资报酬率
下列不属于佛教四大名山的是()。
下关于查询的描述正确的是______。
Theteacher’svoicewassopleasantthatthelittleboyfeltat______withheratonce.
最新回复
(
0
)