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A nonprofit financial institution owned and run by its members is a:

ASavings bank
BThrift house
CPension fund
DCredit union
Answer & Solution
Correct answer: D. Credit union
1. Members decide who can join. 2. A credit union lends to its members. 3. There were 6,535 in December 2014. _Source: OpenStax Principles of Macroeconomics for AP Courses 2e, Chapter 13, Money and Banking (CC BY 4.0)._
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