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5 July, 06:10

Which type of bank is a cooperative lending association usually established for specific individuals?

A: Commercial Banks

B: Credit Unions

C: Finance Companies

D: Home Banking

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Answers (1)
  1. 5 July, 07:41
    0
    B is the correct answer.

    Credits Unions are cooperative financial institutions where members can pool money and borrow from that pool at lower interests rates. They are often associated with organizations like schools, unions, or universities.
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