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
D) arranging travel abroad for purchasers of foreign currencies

Question

Quizplus · Accepted Answer

Underwriting is a key function performed by investment banks, where they assess the risk associated with a client's offering of securities and purchase the securities from the client, selling them to the public.

Option A is incorrect because portfolio management is typically done by wealth management firms. Option B is incorrect because commercial banks establish their own relationships with clients. Option D is incorrect as investment banks are not involved in currency exchange for international travel.

Which of the Following Is a Function Performed by an Investment