15. Which of the following about investment banks is NOT correct?

Select one: a.Investment banks generally have a deposit base but also raise funds in capital markets. b.Investment banks specialise in advisory services and the provision of off-balance-sheet products. c.Investment bankers can advise on venture capital for start-up businesses. d.Advising clients on project finance is a specialty area carried out by investment banks. e.Investment banks can act as underwriters of new securities.