In today's market environment, most investment banking houses specialize in underwriting and do not engage in the dealer-broker function.

Question

Quizplus · Accepted Answer

Investment banking houses often engage in both underwriting and dealer-broker functions, although some may specialize in one or the other. The dealer-broker function involves buying and selling securities for client accounts and managing a securities inventory for trading purposes.

In Today's Market Environment, Most Investment Banking Houses Specialize in Underwriting