【单选题】

Which of the following can be inferred from the passage about rotating credit associations

A．They were developed exclusively byChinese immigrants.
B．They accounted for a significant portion of the investment capital used byChinese immigrants in blew York in the early twentieth century.
C．Third- generation members of an immigrant group who started businesses in the 1920’s would have been unlikely to rely on them.
D．Recent immigrants still frequently turn to rotating credit associations instead of banks for investment capital.