Financial Institutions Markets and Money
Quiz 18: Investment Banking
Venture Capital Recipients Are Often Called Angels
Venture capital recipients are often called angels.
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Seed financing is the first stage of venture capital financing.
Under the Glass-Steagall Act commercial banks were permitted to underwrite and trade Federal government securities and general obligation bonds of states and municipalities.
Before the Financial Services Modernization Act of 1999, the Supreme Court (1988) of the U.S. provided commercial banks permission to underwrite commercial paper and municipal revenue bonds but not equities.
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