1. Investment banking operations occur in the direct financial market.
2.The Glass-Steagall Act of 1933 has eliminated banks from any underwriting activities.
3.The Glass-Steagall Act of 1933 allowed firms engaged in investment banking to simultaneously engage in commercial banking.
4.A security underwriting takes place in the primary market; subsequent trading in the security takes place in the secondary market.
5.A dealer earns a commission for bringing buyers and sellers together.
6.An underwriter's selling group assumes underwriter risk.
7.Discount brokers offer investment advice at prices below full-service security brokerage houses.
8. Venture capital financing usually entails some managerial involvement and equity ownership.
9.The Banking Act of 1933, known as the Glass-Steagall Act, has effectively kept commercial banks out of the commercial lending area.
10. Investment banking firms provide both financing and investment services for borrowers and lenders, respectively.