23.) Which one of the following banks is considered the most important in the development bank industry? a), Asian Development Bank b) World Bank c) African Development Bank d) European Bank for Reconstruction and Development Ans: should 24.) As the cost of gathering information on foreign firms continues to decrease, become an increasingly more cost-effective means of raising funds internationally. a) international securitization b) international financial intermediation c) international bank lending d) international portfolio investment Ans: 25.) Why are privately placed bonds more difficult to sell than publicly issued bonds? a) they are usually commercial bank loans b) funds come from private investors c) the presence of customized covenants d) underwriting is required Ans