149k views
1 vote
A financial cooperative is a type of financial institution that is owned and operated

by:

Its members.

The state.

The president of the cooperative.

User Ken Lin
by
4.0k points

1 Answer

5 votes

Answer: it's members

Step-by-step explanation:

Cooperatives are private businesses or organization that are owned by it's own members, it's members are those who use or patronize it's product and services. They vary in size but irrespective of their sizes they are operated solely on members demand.

Financial cooperatives are no different from cooperatives just that they are banks owned and operated by it's member's.

User Dylan Corriveau
by
3.9k points