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Examveda

Firm's which helps in indirect transfer such as Merrill Lynch is classified as

A. investment banking house

B. investment bank

C. saving house

D. saving bank

Answer: Option A

Solution(By Examveda Team)

Firm's which helps in indirect transfer such as Merrill Lynch is classified as investment banking house. Investment banking is a specific division of banking related to the creation of capital for other companies, governments, and other entities.

This Question Belongs to Commerce >> Financial Management

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