Question on: JAMB Commerce - 2024
The association that encourages savings for the benefit of its members is known as
A
Consumer association
B
Credit and thrift co-operative society
C
Consumer co-operative society
D
Producer co-operative society
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Correct Option: B
A credit and thrift co-operative society is specifically designed to encourage savings among its members. It pools the savings of its members and then provides them with loans.
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