What activity other than money market activity does a merchant bank conduct?a.All of theseb.Underwriting and financial advicec.Investment serviced.Lending

A merchant bank conducts all of these activities other than money market activity. This includes:

a. All of these: This option implies that the merchant bank conducts all the activities listed in the options.

b. Underwriting and financial advice: Merchant banks often underwrite debt and equity offerings, which involves guaranteeing on behalf of a corporate client that the securities being issued will be sold. They also provide strategic financial advice to corporations on a wide range of matters.

c. Investment services: Merchant banks also provide investment services. They help companies in the process of issuing shares and bonds, and they also provide advice on mergers and acquisitions.

d. Lending: Merchant banks provide loans to businesses. They may also provide other forms of credit, including letters of credit, which are often used in international trade.

So, the answer is a. All of these.