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Morgarella [4.7K]
3 years ago
11

Pete has started an electronics firm with the potential for high growth. he obtains funding for the business from a group of inv

estors who demand partial ownership of the business and representation on the board of directors. what type of financing has pete? procured?
Business
1 answer:
TiliK225 [7]3 years ago
7 0
The type of financing that Pete has secured is VENTURE CAPITAL. Venture capital is a type of private equity, a form of financing that provides funds by private investors to new companies with high potentials or emerging companies that are deemed to have high potentials. In return for the money provided by the private investors, they become part owners in the company.
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3 years ago
If currency held by the public equals $100 billion, reserves held by banks equal $50 billion, and bank deposits equal $500 billi
bogdanovich [222]

Answer:

$600 billion

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