____________ is a financial institution which engages in underwriting and business loans, serving mainly to the requirements of large enterprises and individuals owning high value assets.
A
Prosper bank
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
Middle Bank
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
Facsimile bank
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
Trench bank
No worries! We‘ve got your back. Try BYJU‘S free classes today!
E
Merchant Bank
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
Open in App
Solution
The correct option is E Merchant Bank A Merchant Bank is a financial institution which engages in underwriting and business loans, serving mainly to the requirements of large enterprises and individuals owning high value assets.