Answered

Get the answers you need at Westonci.ca, where our expert community is dedicated to providing you with accurate information. Explore our Q&A platform to find reliable answers from a wide range of experts in different fields. Join our Q&A platform to connect with experts dedicated to providing accurate answers to your questions in various fields.

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

Sagot :

GinnyAnswer

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


We appreciate your time on our site. Don't hesitate to return whenever you have more questions or need further clarification. We appreciate your time. Please revisit us for more reliable answers to any questions you may have. Get the answers you need at Westonci.ca. Stay informed with our latest expert advice.