Which of the Following Is Not a True Statement

question 80

Multiple Choice

Which of the following is not a true statement?

• A)An investment bank is a financial firm that assists organizations in raising funds.
• B)A large corporation often uses an investment bank to sell and distribute a new stock issue.
• C)Analysts for the investment bank examine the corporation's financial position to determine whether the new stock issue is financially sound.
• D)If the investment bank is satisfied that the new stock issue is a good risk, it will buy the stock and hold it for at least one year.
• E)The investment bank resells a new stock issue to its customers-commercial banks, insurance companies, pension funds, mutual funds, and the general public.

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Definitions:

Probability Distribution

A mathematical function that describes the likelihood of obtaining the possible values that a random variable can assume.

Daily Demand

The total quantity of a product or service required by the market within one day.

Computers

Electronic devices that can store, retrieve, and process data, performing calculations and operations according to a set of instructions known as programs.

Probability Distribution

A mathematical description of outcomes in a probabilistic experiment with respect to their probabilities.