________ is a financial intermediary that specializes in selling new security issues.

Question

Quizplus · Accepted Answer

Investment banks specialize in underwriting and selling new security issues for corporations, governments, and other organizations. They also provide advisory services for mergers and acquisitions, and may engage in trading and market making activities. Commercial banks and securities dealers may also participate in underwriting new securities, but this is not their primary focus. Stock exchanges are venues where securities are bought and sold, but they do not directly sell new securities to the public.

________ Is a Financial Intermediary That Specializes in Selling New