Building societies - SS2 Commerce Past Questions and Answers - page 1
What is the unique ownership structure of building societies?
Owned by shareholders
Owned by the government
Owned by members
Which of the following is a primary function of building societies?
Providing business loans
Offering credit cards and personal loans
Facilitating mortgage lending
What type of accounts do building societies offer to their members?
Checking accounts
Retirement accounts
Savings accounts
What is the role of financial advice in building societies?
Assisting with tax filing
Providing guidance on mortgage applications
Offering legal services for property transactions
In addition to financial services, what other aspect do building societies often focus on?
Environmental conservation
Community support
Assisting with tax filing
State one primary function of building societies.
What is the ownership structure of building societies?