A Syndicate Is

question 32

Multiple Choice

A syndicate is

• A)a group of brokers illegally making use of insider information.
• B)a group of commercial banks that agrees to accept the checks of each other's depositors.
• C)a group of investment banks underwriting a large security issue.
• D)a group of dealers that markets a government bond issue.

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Definitions:

Judgment

A formal decision or conclusion reached by a court regarding the legal matters before it.

Liability

A legal responsibility or obligation that may result in financial loss.

General Power of Attorney

A legal document that grants broad authorizations to a person to act on another's behalf in a wide range of legal and financial issues.

Principal

The primary party involved in a transaction or agreement, especially in finance, law, or education, or the amount of money on which interest is paid or received.