What Percentage of Canada's GDP Is Contributed by Small Businesses

question 77

Multiple Choice

What percentage of Canada's GDP is contributed by small businesses?

• A) 7 percent
• B) 13 percent
• C) 19 percent
• D) 30 percent
• E) 41 percent

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Definitions:

Liable

Legally responsible or obligated.

Compensating Balance

A compensating balance is a minimum account balance that a borrower must maintain with a lender as part of the loan agreement.

Effective Interest Rate

The real rate of interest earned or paid on an investment or loan, taking into account the effect of compounding.

Pledging Receivables

Borrowing money using receivables as collateral.