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WAEC Commerce 2011 Question 6

Question 6

Co-operative Societies

The cooperative society that performs a combination of the functions of other types of cooperatives is called

  1. A.consumer cooperative.
  2. B.multipurpose cooperative.
  3. C.producer cooperative.
  4. D.thrift and credit cooperative.
Show the answer and explanation

Answer: B (multipurpose cooperative.)

Explanation

A multipurpose co-operative combines several functions, e.g. buying, selling and lending.