Finance · Financial Markets
Which of the following statements can be inferred about the differences between investment banking and merchant banking? 1. Investment banks focus primarily on raising large capital, M&A advisory, and market-making for large corporations and institutional investors. 2. Merchant banks traditionally focus on fee-based advisory services, project financing, and international trade consultancy for corporates. 3. Investment banks provide retail check-clearing services for walk-in small businesses.
- 1All of the above
- 2Only 2 and 3
- 3Only 1 and 3
- 4Only 1 and 2✓
Correct answer
Only 1 and 2
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