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Explain the difference between the state and government, and the relationship between the two.
Investment Banking Firms
Financial institutions that provide a range of services including underwriting, facilitating mergers and acquisitions, and acting as financial advisors for corporate clients.
Underwriters
Professionals who evaluate and assume the risk of another party's venture, often seen in insurance and finance, determining policy terms and premium prices.
Brokerage Houses
Financial institutions that facilitate the buying and selling of financial securities between a buyer and a seller.
Securities Exchange Act
A United States law that governs the trading of securities, such as stocks and bonds, to protect investors from fraud.
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