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Questions and Answers
According to Article 78, which of the following investments are cooperatives allowed to make?
According to Article 78, which of the following investments are cooperatives allowed to make?
- Securities issued or guaranteed by the government (correct)
- Deposits in any bank or cooperative
- Shares or debentures of any corporation
- Real estate for any purpose
What is the purpose of a cooperative's revolving capital as described in Article 79?
What is the purpose of a cooperative's revolving capital as described in Article 79?
- To fund the cooperative's operations
- To strengthen the cooperative's capital structure (correct)
- To provide loans to members
- To pay dividends to shareholders
According to Article 79, how can a cooperative's revolving capital be raised?
According to Article 79, how can a cooperative's revolving capital be raised?
- By borrowing from a bank
- By issuing new shares
- By deferring patronage refunds and interest on share capital (correct)
- By increasing membership fees
What type of certificates are issued for a cooperative's revolving capital, according to Article 79?
What type of certificates are issued for a cooperative's revolving capital, according to Article 79?
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Which of the following is NOT a type of investment that cooperatives are allowed to make according to Article 78?
Which of the following is NOT a type of investment that cooperatives are allowed to make according to Article 78?
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What information must be included on the revolving capital certificates issued by the cooperative's board of directors, according to Article 79?
What information must be included on the revolving capital certificates issued by the cooperative's board of directors, according to Article 79?
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