What is meant by 'Underwriting' the term frequently used in financial – McqOptions

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1.	What is meant by 'Underwriting' the term frequently used in financial sector ?
A.	Under valuation of the assets
B.	The Act of taking on a risk for a fee
C.	Giving a Guarantee that a loan will not become a bad loan
D.	The act of permission to float an IPO5)None of these
Answer» B. The Act of taking on a risk for a fee

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