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Which of the following statements is/are false regarding Investment Banks: I.)   Act as intermediaries between issuers...

Which of the following statements is/are false regarding Investment Banks:

I.)   Act as intermediaries between issuers of securities and investors.
II.) Act as advisors to companies in helping them analyze their financial needs and
       find buyers for newly issued securities.
III.) Similar to commercial banks, accept deposits from savers and retirees to fund
        their business.

I and II Only

II Only

I and III Only

III Only
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Answer #1

III.) Similar to commercial banks, accept deposits from savers and retirees to fund
        their business.

the above is answer..

because investment banks can not accept deposits

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