WAEC Commerce 2020 Objective — Question 9
Question 9 of 50 from the West African Examinations Council (WAEC) Commerce 2020 Objective paper, with the correct answer and a full explanation.
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A business unit in which savings of members are lent to others by a
- A. consumer cooperative society
- B. producer cooperative society
- C. credit and thrift societyCorrect
- D. wholesale cooperative society
Explanation
The credit and thrift society encourages members to save and use the savings to give loans to needy members.
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