Question

Carlo’s Super Services is a small business owned by Carlos. He does not want to give up ownership in his company, but wants to raise money to expand the business. To which financial institution would Carlos turn?
A. Federal Reserve
B. Stock market
C. Local credit union
D. Wall Street

Answer 1

I believe the answer is a local credit union. Firstly, Carlos owns a small, local business, so using the Fed would be unpractical (by the way I'm sure the Federal Reserve is the wrong answer because I took the test and it said so). Wall Street is a symbol for the U.S. financial markets, not an actual corporation that he could use to raise money; its figurative. Using the stock market would mean that Carlos would have to sell some ownership of his business so he can make money. In summary, your best answer is C. Local Credit Union.

Answer 2

Answer: answer is C

Explanation: Got it right on the test