Utme 2020 Commerce Question 7

Practice objective / multiple choice question 7 from the 2020 Utme Commerce examination. This question covers Finance .

Utme 2020 Commerce Objective / Multiple Choice 2 Difficulty

Topic: Finance

Question 7 UTME • 2020 • COMMERCE • objective

One major characteristic of credit unions and thrift societies is that

Correct Answer A. the contribution of every member depends on the member's ability

B. the legal processes involved in their formation are rigid

C. membership is compulsory to people in the same line of business

D. a minimum of ten people in the same line of business can form the union

Correct Answer

Correct Option:

the contribution of every member depends on the member's ability

This is Utme 2020 Commerce Question 7. It is one of the objective questions from the 2020 Utme Commerce examination.

The question covers Finance .

Difficulty level: 2 .

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows

Chat with Support