Q217
Placement of financial issue in which investment bank and municipality together finds large buyers is classified as
A.
reserve placement
B.
federal placement
C.
private placement
AnswerD.
government placement
Answer: Option C
Solution
Answer: Option C
Solution:
Placement of financial issue in which investment bank and municipality together finds large buyers is classified as private placement. Raising adequate capital is integral to building and growing a business, and companies usually go the initial public offering (IPO) route. An alternative is the capital raising event known as a private placement.