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A partnership sourcing for funds to expand its business would approach _______


Question

A partnership sourcing for funds to expand its business would approach _______

Options

A)
a central bank
B)
a money market
C)
an insurance
D)
a stock exchange

The correct answer is B.

Explanation:

Money market can be defined as a market for short term loan. The market consists of institution
or individuals who either have money to lend or wish to borrow on a short term basis. The central
bank is the sole authority in the banking industry and act as banker to the government and the
commercial banks.
The stock market is an instrument for raising fund for limited liability companies which have
shares of the company to give out in exchange for fund.
Insurance company are financial institution that are concerned with insurance. Insurance company
indemnify the insured against loss which he may suffer in the future upon payment of a premium.

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Dicussion (1)

  • Money market can be defined as a market for short term loan. The market consists of institution
    or individuals who either have money to lend or wish to borrow on a short term basis. The central
    bank is the sole authority in the banking industry and act as banker to the government and the
    commercial banks.
    The stock market is an instrument for raising fund for limited liability companies which have
    shares of the company to give out in exchange for fund.
    Insurance company are financial institution that are concerned with insurance. Insurance company
    indemnify the insured against loss which he may suffer in the future upon payment of a premium.

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