The most important function of merchant banks is the

The most important function of merchant banks is the

Answer Details

Merchant banks are financial institutions that provide a wide range of services to businesses and individuals. Their most important function is to provide financial assistance to companies in the form of loans and investments, especially in the medium to long term. This assistance can be in the form of short-term loans for working capital or long-term loans for capital investments such as infrastructure projects, mergers and acquisitions, and expansion plans. Merchant banks also offer other services such as underwriting, advisory services, and asset management. In summary, the most important function of merchant banks is to provide financial assistance to companies in the form of medium to long term loans and investments, which can help businesses grow and create more jobs.