Q972
Firm's which helps in indirect transfer such as Merrill Lynch is classified as
A.
investment banking house
AnswerB.
investment bank
C.
saving house
D.
saving bank
Answer: Option A
Solution
Answer: Option A
Solution:
Firm's which helps in indirect transfer such as Merrill Lynch is classified as investment banking house. Investment banking is a specific division of banking related to the creation of capital for other companies, governments, and other entities.