Q227
Eurobonds are placed for buying and selling in primary markets by
A.
investment banks
AnswerB.
commercial banks
C.
euro transfer agencies
D.
currency deposit banks
Answer: Option A
Solution
Answer: Option A
Solution:
Eurobonds are placed for buying and selling in primary markets by investment banks. An investment bank (IB) is a financial intermediary that performs a variety of services. Most Investment banks specialize in large and complex financial transactions, such as underwriting, acting as an intermediary between a securities issuer and the investing public, facilitating mergers and other corporate reorganizations and acting as a broker or financial adviser for institutional clients.