passwella.
Menu

WAEC Commerce 2003 Question 7

Question 7

Co-operative Societies

When a number of thrift societies come together and are registered, they become a

  1. A.holding company
  2. B.credit union
  3. C.trade union
  4. D.consumer association
Show the answer and explanation

Answer: B (credit union)

Explanation

Thrift (savings) societies that join and register form a credit union.