The functions of credit and thrift society does not include

Assessment: WAEC SSCE - Commerce - 2012 (Objective) Subject: Commerce

Question 1 Report

The functions of credit and thrift society does not include

Answer Details
The functions of credit and thrift society do not include providing security for member's property. Credit and thrift societies are organizations formed to encourage savings and provide affordable credit facilities to their members. These societies exist to promote mutual co-operation among their members, provide savings facilities, and charge low-interest rates on loans. However, they do not typically offer security for their members' property. Instead, they focus on financial services that can help members improve their financial well-being.
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