Which of the following is a function performed by an investment bank?
A) Handling a client's portfolio in the secondary market
B) Establishing relationships for a client with a commercial bank
C) Underwriting purchases of stocks and bonds
D) Arranging travel abroad for purchasers of foreign currencies
E) Providing insurance services for clients

Question

Quizplus · Accepted Answer

Investment banks typically underwrite the purchases of stocks and bonds by acting as intermediaries between the issuer and the buyer.

Answer: B 
 Investment banks may also help establish relationships between their clients and commercial banks, but this is not a primary function.

Answers A, D, and E are incorrect as they do not reflect typical functions performed by investment banks.

Which of the Following Is a Function Performed by an Investment