CIMA Fundamentals of Business Economics BA1 Question # 129 Topic 13 Discussion

CIMA Fundamentals of Business Economics BA1 Question # 129 Topic 13 Discussion

BA1 Exam Topic 13 Question 129 Discussion:
Question #: 129
Topic #: 13

The management of Pennyfarthing's Toy Bazaar requires financial advice, but is unsure of which type of bank to approach to acquire this. The company receives a profit of £1,000,000 a year, and currently operates in

Europe and North America.

Which of the following reasons explains why Pennyfarthings Toy Bazaar should use a wholesale bank?


A.

It has a profit of £100,000


B.

It has international operations


C.

It uses the Alternative Investment Market


D.

It has issued new shares to members of the public


E.

It is a medium-sized business


Get Premium BA1 Questions

Contribute your Thoughts:


Chosen Answer:
This is a voting comment (?). It is better to Upvote an existing comment if you don't have anything to add.