Question: 24. The term to 'underwrite' refers to: Select one: a. insurance offered by banks against changes to mortgage interest rates. b. a legal contract binding

24. The term to 'underwrite' refers to: Select one:

a. insurance offered by banks against changes to mortgage interest rates.

b. a legal contract binding both the seller and buyer of shares against potential loss.

c. an agreement by a broker to buy a portion of shares that are to be issued.

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