Glenn and Maggie own a regional chain of juice bars and are looking to expand in the coming year. They already have fifty shops, but they know they will need a loan to reach their goal of one hundred twenty five shops. Which type of banking institution is most suitable for Glenn and Maggie’s business?
a credit union
a savings and loan
a commercial bank
an investment bank
Solved
Show answers
More tips
- F Food and Cooking Is Bacon Good for You?...
- S Style and Beauty Discover the Art of Nail Design: How Do You Paint Your Nails?...
- P Philosophy How to Develop Extrasensory Abilities?...
- O Other Everything You Need to Know About Kudyabliks...
- C Computers and Internet The Twitter Phenomenon: What it is and How to Use it...
- C Computers and Internet How to Choose a Laptop: Expert Guide and Tips...
- C Computers and Internet How to Choose a Monitor?...
- H Horoscopes, Magic, Divination Where Did Tarot Cards Come From?...
- S Style and Beauty How to Make Your Lips Fuller? Ideas and Tips for Beautiful Lips...
- C Computers and Internet How to Learn to Type Fast?...
Answers on questions: Business
- B Business A company purchased factory equipment on January 1, 2019 for $160,000. It is estimated that the equipment will have a $20,000 salvage value at the end of its 10-year useful...
- B Business Ruby is 25 and has a good job at a biotechnology company. she currently has $9,200 in an ira. she believes her ira will grow at an annual rate of 7 percent, and she plans...
- B Business The demand for a product is upper q superscript d baseline equals 100 minus 4 upper p plus 3 upper p subscript upper x and supply is upper q superscript s baseline equals...
- B Business Aa / suppose that boeing and rolls-royce holdings are the sole producers of a particular jet engine. the two firms currently charge the same price for their products. if...
- B Business When parallel parking, the space you choose to park in should be at least as long as?...
- B Business In 1916, the ford motor company sold 500,000 model t fords at a price of $440. henry ford believed that he could increase sales of the model t by 1,000 cars for every dollar...
- B Business Question 1)2 pointsquestion 2)2 pointsron’s window washing service is a small business that operates in the perfectly competitive residential window washing industry in evanston,...
- B Business Sun corp. sells merchandise to customers. sun should normally recognize a. revenue when the cash is collected and the expenses when sun pays its creditor for the merchandise....
- B Business Referring to the qualitative characteristics of accounting information, indicate the fundamental characteristic (relevance or representationally faithful) and its related...
- B Business How do i know if it is time to save some money...
Ответ:
a commercial bank
Explanation:
A commercial bank is a deposit accepting institutions regulated by the central bank of a country. The banks play a crucial role in availing capital to businesses. They accept deposits in the form of savings from customers. They keep a small fraction(reserves) in their custody to cater for withdrawal and loan out the rest. Banks, therefore, pool resources together for businesses and households to borrow.
Since banks have a wide customer base, they are able to mobilize huge amounts of resources to loan out. Commercial banks are the best institution to issue a loan to Glenn and Maggie. Saving and loan, credit unions have a limited membership and may not have sufficient resources to issue a loan to Glenn and Maggie.
Ответ: