Which of the following is correct with regard to government sources of funds for businesses?
A) The Business Development Bank of Canada helps small companies sell stock to the general public.
B) The Export Development Corporation finances and insures export sales for Canadian companies.
C) The Canada Mortgage and Housing Corporation makes mortgages available to businesses, but it does not guarantee those mortgages.
D) The Department of Business Expansion gives grants for businesses that provide services, but not for business that provide physical products.
E) All of these are correct.

Question

Quizplus · Accepted Answer

The Export Development Corporation finances and insures export sales for Canadian companies. The other options are incorrect: A is not true as the Business Development Bank of Canada does not help companies sell stock to the general public; C is not true as the Canada Mortgage and Housing Corporation does not make mortgages available to businesses; and D is not true as there is no Department of Business Expansion that gives grants for businesses.

Which of the Following Is Correct with Regard to Government