Multiple choice

A co-operative bank is

  1. created by persons belonging to the same local

  2. created by professional community

  3. created by people sharing a common interest

  4. All of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

A co-operative bank is a financial entity which belongs to its members who are, at the same time, the owners and the customers of their bank. Co-operative banks are often created by persons belonging to the same local or professional community or sharing a common interest. Co-operative banks generally provide their members with a wide range of banking and financial services. (loans, deposits, banking accounts...)

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