The principal source of short-term loans for business firms is
A) contractual savings institutions.
B) trust companies.
C) chartered banks.
D) investment companies.
E) loans from relatives of the owners.

Question

Quizplus · Accepted Answer

Chartered banks are the primary source of short-term loans for business firms. They offer lines of credit, working capital loans, and other short-term financing options to help businesses meet their immediate financial needs.

The Principal Source of Short-Term Loans for Business Firms Is