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WAEC Commerce 2006 Question 16

Question 16

Co-operative Societies

Which of the following is not a duty of a credit union?

  1. A.Helping members to save
  2. B.Granting loans
  3. C.Advising on the use of funds
  4. D.Confirming members' indebtedness
Show the answer and explanation

Answer: D (Confirming members' indebtedness)

Explanation

Credit unions help members save and borrow; confirming members' debts to others is not their duty.