Placement of financial issue in which investment bank and municipality together finds large buyers is classified as
A
reserve placement
B
federal placement
C
private placement
D
government placement
Correct Answer: private placement
Placement of financial issue in which investment bank and municipality together finds large buyers is classified as private placement. Raising adequate capital is integral to building and growing a business, and companies usually go the initial public offering (IPO) route. An alternative is the capital raising event known as a private placement.