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9. M2 consists only of cash. TF 10. Financial intermediation is an unimportant process in regards to the TF U.S. economy. 5) Most investors are

9. M2 consists only of cash. TF 10. Financial intermediation is an unimportant process in regards to the TF U.S. economy. 5) Most investors are found to be: A) risk indifferent B) risk seeking C) risk averse D) risk free Part 3. Essay - Investment Banking (20 points) Please describe the role of an investment banker and how the IPO process works

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