The principal business of commercial banks is to make short-term loans to businesses. About two thirds of commercial bank loans are for less than:
A)six months.
B)three years.
C)nine months.
D)one year.

Question

Quizplus · Accepted Answer

According to the statement, about two thirds (or 66.67%) of commercial bank loans are for less than one year. Therefore, the best choice is D) one year.

The Principal Business of Commercial Banks Is to Make Short-Term