18-67 Because investment banks typically buy and sell securities on a regular basis; they have no need for a liability management plan.

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Investment banks do need a liability management plan as they engage in various activities that create liabilities, such as issuing bonds and accepting deposits. A liability management plan helps them manage and optimize their liabilities in relation to their assets, reducing the impact of financial risks and ensuring adequate liquidity.

18-67 Because Investment Banks Typically Buy and Sell Securities on a Regular