22
QuizMultiple Choice

Money and Credit Management — Test

Question 22 • CMS 2026-2027 Economics and Personal Finance CREDIT RECOVERY

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