A business unit in which savings of members are lent to others is a
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Correct Answer: Option C
Explanation:
A credit and thrift society encourages members to save money and uses the accumulated funds to provide loans to members. It is particularly useful to members who need access to credit for personal or business purposes.
A credit and thrift society encourages members to save money and uses the accumulated funds to provide loans to members. It is particularly useful to members who need access to credit for personal or business purposes.