Question

business partner whose potential financial loss in the partnership will not exceed his or her investment...

business partner whose potential financial loss in the partnership will not exceed his or her investment in that partnership is called a: Select one:
a. sole proprietor.
b. general partner.
c. limited partner.
d. corporate shareholder
2.Financial intermediaries help bring savers and borrowers together. Select one:
a. False b. True

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Answer #1

1. Limited partner is a partner who will always have a limit upon his loss in the partnership because he has entered into a limited partnership and he will be not subjected to recovery of losses from his personal property.

All the other persons will have unlimited liability.

Correct answer will be option (C)Limited partner

2. The given statement is TRUE as financial intermediaries will be smoothing the interaction between the borrowers and the savers in financial system.

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