Which of the following is a process by which investment bankers purchase new securities directly from the issuing company and resell them to the investors?

a) agency marketing.
b) underwriting.
c) distribution.
d) private placement.

Answers

Externalities or spillover occurs when some of the benefits or the costs of production are not fully reflected in market demand or supply schedules.

explanation:

a gas is not used in hydraulic machines as the fluid because gas is easily compressible and so if a gas is used, the energy would mostly go into compressing a gas. therefore a liquid is used in hydraulic machines as the fluid.

B) Underwriting. 

Explanation:



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