55.2k views
1 vote
A _______ is a group of people who agree to save their money together and to make loans to each other at a relatively low rate of interest.

A. investment firm
B. credit union
C. commercial bank
D. Christmas club

User Afron
by
6.9k points

2 Answers

4 votes
It is a Credit Union
User CSJCampbell
by
7.1k points
6 votes
This type of financial group is given among people with savings who put together a common good, to make low-interest loans, and the money is derived from their savings together to be borrowed from one another, and to benefit members of the type Saving together with a common interest.
User Rob Allsopp
by
7.1k points