A business unit in which savings of members are lent to others is a
- consumer cooperative society
- producer cooperative society
-
credit and thrift society
- wholesale cooperative society
The correct answer is: C
Explanation
Credit and Thrift society is an association of low income earners who joinlty pool large resources or fund together by contributing on a weekly or monthly basis. This type of society encourages savings habits among their members grant loans to the members out of the accumulated fund.