The vast majority of small businesses depend on _______ to store cash,handle checks and credit cards,and finance their debt through credit.

Question

Quizplus · Accepted Answer

Banks are the primary financial institutions that small businesses rely on to handle their finances, including storing cash, processing payment methods like checks and credit cards, and accessing credit for debt financing. Banks offer a wide range of services and products specifically designed for small businesses, including checking and savings accounts, loans, lines of credit, and credit cards. Owner loans, finance companies, and family and friends may also be sources of financing for small businesses, but they are not as widely used or as comprehensive as banks.

The Vast Majority of Small Businesses Depend on _______ to Store