1.Universal banks are

_____

A)Commercial banks operating in Canada prior to the financial industry reform in 1985

B)Financial institutions that can engage in deposit taking, making loans, brokerage activities, securities underwriting and offering insurance services

C)Commercial banks that can also sell universal life insurance policies

D)Investment banks organized in the form of a financial holding company

2.In a bought deal, the risk is borne by

_____

A)An investment banker

B)An issuer

C)Investors

D)A selling syndicate