When a Group of Underwriters Jointly Work Together to Sell

question 63

Multiple Choice

When a group of underwriters jointly work together to sell a new issue of securities,the underwriters form a(n) :

• A) underwriting cartel.
• B) market union.
• C) venture capital association.
• D) Dutch market.
• E) syndicate.

---

Definitions:

Olfaction

The sense of smell, one of the five senses.

Olfactory Epithelium

A specialized epithelial tissue inside the nasal cavity responsible for detecting odors, comprised of olfactory receptors and supporting cells.

Nasal Cavity

The large air filled space above and behind the nose in the middle of the face, involved in breathing and olfaction.

Hearing Loss

A partial or total inability to hear, which can be temporary or permanent, affecting one or both ears.