Answered

At Westonci.ca, we provide clear, reliable answers to all your questions. Join our vibrant community and get the solutions you need. Our platform provides a seamless experience for finding reliable answers from a network of experienced professionals. Join our platform to connect with experts ready to provide precise answers to your questions in different areas.

Wally's Wonderful Widgets is owned by its founder, Wally, and has several hundred employees who produce a number of useful goods. The company wants to publicly sell shares of ownership in the company in exchange for money to expand business. To which economic institution would Wally's Wonderful Widgets turn? A)Stock market B)Federal Reserve C)Local credit union D)Local bank

Sagot :

Since3122015
Wally's Wonderful Widgets would turn to A. the stock market.
palebadgworthy

The correct answer is A.

Shares are documents which entitle their holder to participate in the ownership of a certain company, in the same proportion as the number of shares he possesses represent out of the total social capital. Stocks also confer the right to receive dividend payments if the company is able to generate profits.

When a corporation issues stock to expands its business, such financial tittles are offered in the stock markets, where investors can come to purchase them.

Thank you for choosing our service. We're dedicated to providing the best answers for all your questions. Visit us again. We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. Your questions are important to us at Westonci.ca. Visit again for expert answers and reliable information.