kingz3358 kingz3358

11-06-2024
Business

Answered

3. At which type of financial institution would the ABC Printing Company be most likely to take out a loan to finance the purchase of a new printing press?

A. Federal Reserve Bank
B. Commercial bank
C. Retail bank
D. Community development bank

Answer :

GinnyAnswer GinnyAnswer

11-06-2024

Final answer:

Commercial banks are the most likely type of financial institution where the ABC Printing Company would take out a loan for a new printing press.

Explanation:

Commercial banks are where the ABC Printing Company would be most likely to take out a loan to finance the purchase of a new printing press. These banks accept deposits, make loans, and provide related services to corporations and businesses. In this case, the ABC Printing Company, as a corporation, would seek financing for a specific business need.

Learn more about Types of banking institutions and their services here:

https://brainly.com/question/32828977

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