Lina, Along with Ten of Her Colleagues, Starts a Financial

Multiple Choice

Lina, along with ten of her colleagues, starts a financial cooperative to financially assist each other. The members pool their savings in the cooperative, and they can also take loans from it on a low interest rate. Members of the cooperative benefit from higher returns on savings and lower rates on loans. In this scenario, the cooperative started by Lina and her colleagues exemplifies a(n) _____.

A) investment bank
B) savings and loan association
C) private equity firm
D) credit union