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Which of the following best describes cooperative lending associations?

A. building and loans B. state banks C. finance companies D. credit...

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Which of the following best describes cooperative lending associations?

A. building and loans B. state banks C. finance companies D. credit unions

Answer

The answer is letter D. Credit unions are perfect descriptions of cooperative lending associations.
The other three choices are granted either by government or by private institutions.
Credit unions are usually composed of people who have agreed in mutual trust about their lending and borrowing policies.

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Virtual Teaching Assistant: Colleen R.
Question Level: Basic
Karma: Free
Upload Date: 5/31/2017

This 22 words question was answered by Colleen R. on StudySoup on 5/31/2017. The question contains content related to Business Since its upload, it has received 123 views.

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