Define merchant banks-01274
This subjective question is related to the book/course
vu eng201 Business and Technical English Writing.
It can also be found in
vu eng201 Mid Term Solved Past Paper No. 1.
Question 1: Define merchant banks.
Answer:
Merchant banks are those banks which are involved in any type of trading. These kind of banks also provide shares to customers. They also buy and sellcompanies. They raise capital for the companies in various ways like IPO, Debt instruments and convertible instruments.
