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WAEC Commerce 2010 Question 14

Question 14

Co-operative Societies

The main function of a thrift and credit cooperative society is to

  1. A.encourage members to buy cheaply.
  2. B.enable members get the highest profit.
  3. C.help members get legal redress.
  4. D.encourage members to save.
Show the answer and explanation

Answer: D (encourage members to save.)

Explanation

A thrift and credit society encourages saving and gives members loans.