A partnership sourcing for funds to expand its business would approach _______
A. a central bank B. a money market C. an insurance D. a stock exchange
Correct Answer: 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.
