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Investments banks advise firms on major transactions such as issue stocks. True False
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True

The Statement "Investment banks advise firms on major transactions such as issue of stocks" is true as it is one among the major functions of them. Advisory service is the one of the primary functions of the Investment banks.

An Investment bank is a financial services provider that deals with Advisory based financial transactions on behalf of their clients like individuals, corporations, and governments. They focus on varoius complex financial transactions such as underwriting, IPOs, facilitate corporate restructuring like mergers and acting as an financial advisor or intermediary. The advisory division of an investment bank is lead by professionals who are expertized in that area and they are paid a fee for their services.

Thus, The above statement that "Investment banks advise firms on major transactions such as issue of stocks" is True.

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