【每日一练】CFA 一级（2015年）

Question：

Which of the following is least likely a short-term funding method available to banks? 
A. Central bank funds 
B. Syndicated loans 
C. Negotiable certificate of deposits 

Answer = B 
A syndicated loan is a loan from a group of lenders, called the "syndicate," to a single borrower. Syndicated loans are primarily originated by banks, and the loans are extended to companies but   also to governments and government-related entities. 

CFA Level 1 
"Fixed-Income Markets: Issuance, Trading, and Funding," Moorad Choudhry, Steven V. Mann, and  Lavone F. Whitmer 
Section 7 

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