As companies that engage in buying and reselling new securities, Goldman Sachs and Morgan Stanley are examples of
A) institutional investors.
B) syndicates.
C) investment bankers.
D) closed auctions.
E) short-term security managers.

Question

Quizplus · Accepted Answer

Goldman Sachs and Morgan Stanley are examples of investment bankers. Investment bankers specialize in underwriting and issuing new securities, acting as intermediaries between the issuers of securities and the investing public. They help companies, governments, and other entities raise capital by underwriting and selling new securities.

As Companies That Engage in Buying and Reselling New Securities