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      Question

      What is the primary function of Credit Information

      Companies (CICs)?
      A To provide loans to individuals and businesses Correct Answer Incorrect Answer
      B To regulate the banking sector Correct Answer Incorrect Answer
      C To collect and compile credit information into reports Correct Answer Incorrect Answer
      D To issue credit cards Correct Answer Incorrect Answer
      E To set interest rates for loans Correct Answer Incorrect Answer

      Solution

      CICs primarily collect and compile credit information into reports.

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