Which of the following statements is correct?

Select one:

a. Providing advice on the appropriate targets in a takeover represents a service provided by investment banks.

b. A principal role of investment banks is to gather deposit savings from customers and provide loans to their retail clients.

c .Companies that wish to issue shares through private placements, seek advice from commercial banks.

d. Providing advice on mergers and acquisitions represents a significant part of the business operations of depository financial institutions.