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A financial institution that underwriters new securities for resale ​a) Financial intermediaries b) Mortgage bankerc) Investment banker d) None

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Answer:

Explanation:

A FINANCIAL institution that UNDERWRITERS new securities for resale is known as an Investment banker.

An investment bank can not be said to be a bank in any REAL or usual sense. It is not a bank that lends out money to people.

Rather, this kind of a bank tries to HELP businesses grow by GIVING them new securities which the companies try to sell to other people.



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