Question

5. Identify three (3) direct ways that savings are ultimately transferred to business firms in need of cash.

Answer 1

Best 3 direct ways are-

1. Sell stocks- Try your hands trading at stock market. Sell the stock when the market prices goes up to leverage profit. Selling of stocks would generate wealth that could be later on put into your business.
2. Reach into savings account- Use your savings account wisely to pump cash into your business. The money must be used very cautiously. You don't want to go broke.
3. Use cash from maturing or investments- You must be using some sort of savings account to save money for your future. Use that money for your business.

Hope this answers your query.