Please help me with the questions below on Credit Application.

9.What is the purpose of loan covenants?

a.To allow the financial institution to affect the decision-making of the borrower.

b.To make the monitoring process more efficient, as the lender can determine creditworthiness based on whether any covenants have been breached.

c.To require or restrict the borrower from doing something that could affect their creditworthiness.

d.To encourage the company to be run with financially sound best practices.

10.What should NOT be included in the conclusion and recommendation section of the credit application?

a.Why the analyst is comfortable with the risks of the transaction.

b.A short summary of the points discussed throughout the application.

c.The key strengths and weaknesses of the company and the transaction.

d.The analysts comfort level with the loan structure and collateral.

13.Which of the following statements regarding environmental comments is FALSE?

a.If environmental risks are identified, the credit analyst should form recommendations for the credit application to mitigate risk.

b,Environmental due diligence should be conducted on companies whose operations create significant externalities around their properties.

c.Environmental assessments need to be conducted if commercial real estate is taken to secure a loan.

d.The primary goal of an environmental assessment is to identify how spillovers from commercial operations may impact the value of the property.