Saved Bookmarks
| 1. |
A financial institution that underwriters new securities for resale a) Financial intermediaries b) Mortgage bankerc) Investment banker d) None |
|
Answer» 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. |
|