7
QuizMultiple Choice

Banking: How to Manage Your Money

Question 7 • 2027 Ignite Financial Literacy-Personal Finance - EL3403

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?

Answer
A
a credit union
B
a savings and loan
C
a commercial bank
D
an investment bank
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