A Cooperative Consists of People with Similar Needs Who Pool

question 39

True/False

A cooperative consists of people with similar needs who pool their resources for mutual gain.

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Definitions:

Ordinary Care

The degree of caution and attention to duty that a reasonably prudent person would use in similar circumstances.

Charge Back Rights

Charge back rights allow consumers to dispute a charge and potentially secure a refund for transactions found to be fraudulent or problematic.

Check Conversion

The process by which a paper check is transformed into an electronic payment, speeding up the transaction process and reducing the need for physical handling of the check.

Automated Clearing House

An electronic network for financial transactions, used for the transfer of funds between bank accounts, including direct deposits and bill payments.