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9. A city government looking to raise funds for a public works project by means of...

9. A city government looking to raise funds for a public works project by means of underwriting and issuing municipal bonds would most likely turn to a(n): a. Mutual Fund b. Investment Bank c. Brokerage d. Commercial Bank

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Answer #1

The answer is option B Investment Bank.

Investment Bank helps in raising capital of firm by underwriting or acting as client's agent in issuance of securities. Here the city Government acts as an underwriter to raise fund for the public works project.

Option C is not the correct answer because Brokerage means commission recieved for acting as an agent or broker between two parties.

Option D is not the correct answer because Commercial banks specializes in accepting deposits and lending loans.

Option A is not the correct answer because Mutual Fund is investing in securities like bonds,option,stocks..etc. They are collected from many investors to invest in securities.

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