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Cooperatives, like most businesses, often require credit to cover their production and operational costs, such as purchasing supplies, paying wages, or investing in equipment. While they are member-ow
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Cooperatives, like most businesses, often require credit to cover their production and operational costs, such as purchasing supplies, paying wages, or investing in equipment. While they are member-owned, this does not exempt them from needing external financing.
The statement is False.
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