A group of investment bankers organized to distribute large securities issues is known as a syndicate.

Question

Quizplus · Accepted Answer

This statement is true. A syndicate is a group of investment bankers who come together to distribute large securities issues, such as corporate bonds, to investors. By forming a syndicate, the bankers are able to spread out the risk of the investment and ensure that the securities are sold quickly and efficiently.

A Group of Investment Bankers Organized to Distribute Large Securities