Economics Today and Tomorrow, Student Edition
Economics Today and Tomorrow, Student Edition
1st Edition
ISBN: 9780078747663
Author: McGraw-Hill
Publisher: Glencoe/McGraw-Hill School Pub Co
Question
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Chapter 10, Problem 5AA
To determine

To state: The correct word to complete the sentence.

Expert Solution & Answer
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Answer to Problem 5AA

The correct word to complete the sentence is instance.

Explanation of Solution

There are many types of financing that can be used by companies to generate funds. The importance of financing lies in the fact that it provides the company the money they need to survive the market.

So, the correct word to complete the sentence is instance.

Economics Concept Introduction

Introduction: Financing is the procedure through which the companies are granted money to help them use such money in carrying out their businesses.

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