Eric Has Decided to Invest R10 000 into His Neighbour's

question 55

Multiple Choice

Eric has decided to invest R10 000 into his neighbour's new company.The money will be used in the early stages of development.Eric is considered a:

• A)venture capitalist.
• B)business angel.
• C)business contributor.
• D)loan specialist.

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Definitions:

Denominated

Refers to the currency in which a financial transaction or commodity is quoted or dealt with.

Currency

The system of money in general use in a particular country or economic system.

Importers

Businesses or individuals that buy goods or services from abroad for sale in their own country, contributing to cross-border trade dynamics.

Exporters

Companies or individuals that sell goods and services produced in one country to buyers in other countries.