IBM is considering hiring an investment banker who will purchase and subsequently resell an issue of stock for them.This service is called
A)stock brokerage.
B)full-service brokerage.
C)underwriting.
D)churning.
E)none of the above.

Question

Quizplus · Accepted Answer

The service described, of purchasing and reselling an issue of stock, is called underwriting. The other options (stock brokerage, full-service brokerage, churning) do not match the description given.

IBM Is Considering Hiring an Investment Banker Who Will Purchase