Q924
Merrill Lynch, Morgan Stanley and Credit Suisse Group plan for raising capital is classified as
A.
investment banking houses
AnswerB.
exchange houses
C.
transfer houses
D.
foreign exchange houses
Answer: Option A
Solution
Answer: Option A
Solution:
Merrill Lynch, Morgan Stanley and Credit Suisse Group plan for raising capital is classified as investment banking houses. Investment banking is a special segment of banking operation that helps individuals or organisations raise capital and provide financial consultancy services to them.