________ are nondepository institutions that facilitate the purchase or sale of securities by firms or individuals by providing investment banking services and brokerage services.

Question

Quizplus · Accepted Answer

Securities firms are nondepository institutions that specialize in the purchase and sale of securities. They provide investment banking services, such as helping companies issue new stocks or bonds, and brokerage services, which involve buying and selling securities on behalf of clients.

________ Are Nondepository Institutions That Facilitate the Purchase or Sale