Commerce JAMB

One major characteristic of credit unions and thrift societies is that?

A. the legal processes involved in their formation are rigid
B. membership is compulsory to people in the same line of business
C. the contribution of every member depends on the member’s ability
D. a minimum of ten people in the same line of business can form the union

Correct Answer:

Option C – the contribution of every member depends on the member’s ability

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