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JAMB Commerce 1998 Question 43

Question 43

Co-operative Societies

The main function of thrift, credit and loans co-operative societies is to

  1. A.educate their members
  2. B.collect money from their members
  3. C.disburse money to their members
  4. D.raise investment finance among their members.
Show the answer and explanation

Answer: D (raise investment finance among their members.)

Explanation

Thrift and credit cooperatives pool members' savings to raise funds that members can use for investment.