What is underwriter ?
Correct answer: D. All of them
- A. To assume financial responsibility for grantee against failure
- B. To sign so as to assume liability in case of specified losses
- C. To guarantee the purchase or to agree to buy the unsold part of stock at fixed time and price
- D. All of them
Explanation
An underwriter assumes financial liability by agreeing to purchase or cover securities that remain unsold, and the term also broadly refers to assuming specified financial risks. Since all three statements describe underwriting functions, “all of them” fits.
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