Norberto is opening a bicycle shop, and his monthly expenditures to get the shop up and running exceed his monthly income. Norberto is best described as a a. saver or as a supplier of funds. b. saver or as a demander of funds. c. borrower or as a supplier of funds. d. borrower or as a demander of funds.

Question

Nicholas Becker

Business

21 October, 00:49

Norberto is opening a bicycle shop, and his monthly expenditures to get the shop up and running exceed his monthly income. Norberto is best described as a a. saver or as a supplier of funds. b. saver or as a demander of funds. c. borrower or as a supplier of funds. d. borrower or as a demander of funds.

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Answers (1)

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Jerry Roy · Answer 1

Answer: option D

Explanation: Borrower or demander refers to the person who is asking and expecting some other party to give him some commodity with the arrangement that he or she will get that commodity back to the lender.

In the given case, Noberto has more outflows than the inflows hence he must be having shortage of fund. Thus, to cope with that shortage he can only borrow or demand the finds from any other entity.

Hence from the above we can conclude that the correct option is D.