a financial institution that underwriters new securities for resale
a) Financial intermediaries
b) Mortgage banker
c) Investment banker
d) None
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Explanation:
A financial institution that underwriters new securities for resale is known as an Investment banker.
An investment bank can not be said to be a bank in any real or usual sense. It is not a bank that lends out money to people.
Rather, this kind of a bank tries to help businesses grow by giving them new securities which the companies try to sell to other people.
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