IBM creates and sells additional stock to the investment banker Morgan Stanley. Morgan Stanley then resells the issue to the U.S. public. Morgan Stanley is acting as a(n)
A)asset transformer.
B)asset broker.
C)government regulator.
D)foreign service representative.

Question

Quizplus · Accepted Answer

Morgan Stanley is acting as an asset broker because it is reselling the issue to the U.S. public.

IBM Creates and Sells Additional Stock to the Investment Banker