A cooperative takes deposits from its members and lends back to those …

Question

A cooperative takes deposits from its members and lends back to those members. It is a:

Accepted Answer

C. Credit union

1. Only members may join and borrow.
2. It is owned by those members.
3. That is a credit union.
_Source: OpenStax Principles of Macroeconomics 3e, Chapter 14, Money and Banking._

Answer

Credit utility

Answer

Credit upgrade

Answer

Credit umpire

A cooperative takes deposits from its members and lends back to those members. It is a:

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