One major characteristic of credit unions and thrift societies is that
COMMERCE
JAMB 2020
One major characteristic of credit unions and thrift societies is that
- A. the contribution of every member depends on the member's ability
- B. the legal processes involved in their formation are rigid
- C. membership is compulsory to people in the same line of business
- D. a minimum of ten people in the same line of business can form the union
Correct Answer: A. the contribution of every member depends on the member's ability
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