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11 August, 23:47

Investment banks purchase new security issues in the hope of making a profit. This is the act of Question 9 options: A) syndicating. B) reinsuring. C) underwriting. D) factoring.

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  1. 11 August, 23:57
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    The correct answer is letter "C": underwriting.

    Explanation:

    Underwriting is a term used most frequently in investment banking, insurance, and commercial banking. Underwriting generally means receiving remuneration for the willingness to pay a potential contingent risk or incur it. In investment banking, underwriting is the process whereby investment bankers represent corporate and government entities in the Initial Public Offering (IPO) of their securities.
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Home » Business » Investment banks purchase new security issues in the hope of making a profit. This is the act of Question 9 options: A) syndicating. B) reinsuring. C) underwriting. D) factoring.
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