What are Merchant bankers?a.Banksb.Neither merchants nor banksc.Merchantsd.None of these
Question
What are Merchant bankers?a.Banksb.Neither merchants nor banksc.Merchantsd.None of these
Solution
Merchant bankers are neither merchants nor banks. They are firms or individuals that act as intermediaries between a company that is looking to issue new securities and the buying public. They help companies issue shares and debt, advise them on mergers and acquisitions, and provide other financial services. So, the correct answer is b. Neither merchants nor banks.
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