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    Question

    Which of the following best describes a "bulge bracket"

    investment bank?
    A A small, specialized firm focused on specific services such as M&A advisory. Correct Answer Incorrect Answer
    B A large, full-service investment bank that offers a broad range of financial services globally. Correct Answer Incorrect Answer
    C A bank that only focuses on small-scale, local businesses. Correct Answer Incorrect Answer
    D A bank that offers specialized services in retail banking and mortgage loans. Correct Answer Incorrect Answer
    E A boutique firm focused on private equity investments. Correct Answer Incorrect Answer

    Solution

    Bulge bracket investment banks are large, globally recognized financial institutions that offer a wide range of services, including capital raising, M&A advisory, trading, and asset management.

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