Question
Select all that apply
Which of the following is a function of commercial bank loans?
Multiple select question.
Finance consumer purchases of durable goods
Provide unemployment benefits to qualifying persons
Provide supplementary income for low-income households
Provide short-term financial capital to businesses
Which of the following is a function of commercial bank loans?
Multiple select question.
Finance consumer purchases of durable goods
Provide unemployment benefits to qualifying persons
Provide supplementary income for low-income households
Provide short-term financial capital to businesses
Answers
GPT-4o mini
The functions of commercial bank loans include:
- Finance consumer purchases of durable goods
- Provide short-term financial capital to businesses
The other options, "Provide unemployment benefits to qualifying persons" and "Provide supplementary income for low-income households," are not functions of commercial bank loans.
- Finance consumer purchases of durable goods
- Provide short-term financial capital to businesses
The other options, "Provide unemployment benefits to qualifying persons" and "Provide supplementary income for low-income households," are not functions of commercial bank loans.