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
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Which of the following is a primary function of building societies?
Providing business loans
Offering credit cards and personal loans
Facilitating mortgage lending
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What type of accounts do building societies offer to their members?
Checking accounts
Retirement accounts
Savings accounts
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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
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In addition to financial services, what other aspect do building societies often focus on?
Environmental conservation
Community support
Assisting with tax filing
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State one primary function of building societies.
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What is the ownership structure of building societies?
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