Question

An investment company registered under the investment company act of 1940, whose specific purpose is to aid in the promotion and development of small businesses, is:_________

Answer 1

An investment company registered under the investment company act of 1940, whose specific purpose is to aid in the promotion and development of small businesses, is a business development company.

What is investment?

An investment is a valuable item bought with the intention of increasing one's wealth. While stocks, bonds, and real estate are frequently included when discussing investments.

According to the company are the registered to the company act of 1940, the business development of the company are the specific purposes of the promotion and the development of the small business.

As a result, the business development company is the company act of 1940.

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