16) Which of the following is not a benefit of loan monitoring? Encourages dynamic, rather than time-based reviews Reduces the need for effective loan documentation and covenant compliance Helps lenders identify whether there has been any credit risk migration Helps lenders from potentially being misled by distorted or even misleading information Single choice 17) What is the best way to approach a Board evaluation? The CEO organises meetings with the senior management team to ask them what they think of the Board The Chairman sends out an evaluation questionnaire to Board Members and results are collated and anonymised and presented at Board The Investor Relations Team rings up a sample of shareholders to ask them what they think of the Board The Chairman sends out an evaluation questionnaire to Board Members and results are collated. Members get to see what their peers wrote about them and the Chairman sacks any underperforming Members Single choice 18) Which of the following loan categories describe those actions by the borrower which gives the lender the legal right to accelerate the loan repayment? Representations and Warranties Conditions Precedent Events of Default Governing Law