8. Which of the following is typically wiped out under a recapitalized structure for a business? -Subordinated debt -Senior secured debt. -Existing equity - Super senior debt 9- A cross-currency swap is based on which of the following? -The historical and relative movements between two specified currencies. -The agreed up-front exchange of the principal sum between the counterparties. -The amounts of currency permissible for international trade by the central bank -A predetermined notional amount denominated in two currencies. 10- Economic capital requires the holding of which of the following types of capital? -Tangible capital. -Deferred capital -Tangible and intangible capital. -Loss-absorbing capital 11- Which of the following explains convexity in relation to the risk associated with a financial instrument? -The relative movements in the currency of the instrument and underlying interest rate. The interaction between the instrument's price and its yield as interest rates change. -The relationship between the instrument and the lender's perception of risk The impact of changes in financial services regulation on the expected return. 12- In a term loan sheet, which of the following is generally regarded as a representation or warranty? -No off-balance sheet financing -No insolvency event. -No change in accounting policies -No change in auditor 13- When considering a credit application for a stable mature business, how much historical financial data is typically considered to be adequate? -One year -Five years -Six months -Three years