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Answer to Question #52657 in Economics for nadine
Question #52657
who is the ultimate investor?
a guarantor
B GNMA
c security holder
d federal government
a guarantor
B GNMA
c security holder
d federal government
Expert's answer
The ultimate investor is a person such as Bill Gates or Warren Buffet. These investors build giant companies that other investors want to invest in. The ultimate investor is a person who creates an asset that becomes so valuable that the asset they created is worth literally billions of dollars to millions of people.
Both Gates and Buffet became rich not because of their high salaries or their great products but because they built great companies and took the companies public.
So, the right answer is b.
Both Gates and Buffet became rich not because of their high salaries or their great products but because they built great companies and took the companies public.
So, the right answer is b.
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#340153 on Dec 2023
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THE MONTHLY PAYMENT NEEDED TO AMORTIZE A 75,000 FIXED-RATE, 15 YEAR LOAN AT 8% INTEREST IS 716.74. HOW MUCH OF THE FIRST MONTHS PAYMENT WILL GO TOWARD PRINCIPAL REDUCTION OF THE MORTGAGE?
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