Question $17$

Investment banks are not specialized in the origination, underwriting, and distribution of new securities issued by corporations or governments.

False

True

Question $18$

$.........$is offered to customers who desire to write checks against their account.

None of the above.

A demand deposit account.

Repurchase agreement.

Savings Deposits.

Question $19$

A best$-$efforts offering of a security is more risky for an investment bank than a firm commitment offering.

True

False