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

These are banks whose function is to lend to both the population and the economy. The basis of this activity is short-term deposits from all sources. By granting loans, these banks increase their money supply. In some areas, these banks, in conjunction with the authorities, also provide lower interest rates to stimulate economic development.

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ewomazinoade ewomazinoade · Answer 2 · 2022-03-02T12:17:48+01:00

The banking institution most suitable for Glenn and Maggie’s business is a commercial bank.

What is a commercial bank?

A commercial bank is a bank that accept deposits from banks. commercial banks also keep valuables. In addition to accepting deposits and valuables, commercial banks also make loans available to customers. The process of providing loans to customers increases the money supply in the economy. Loans are made available from customer's deposits.

To learn more about commercial banks, please check: https://brainly.com/question/1278318