When an investment bank ________ securities, it guarantees a price for a corporation\"s...

1) A financial market in which previously issued securities can be resold is called a ________ market.

A) primary

B) secondary

C) tertiary

D) used securities

2) An important financial institution that assists in the initial sale of securities in the primary market is the

A) investment bank.

B) commercial bank.

C) stock exchange.

D) brokerage house.

3) When an investment bank ________ securities, it guarantees a price for a corporation\"s securities and then sells them to the public.

A) underwrites

B) undertakes

C) overwrites

D) overtakes