New Upcoming Legal Jobs Free Workshop March 11 at 5 PM. Register here

    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 collect and compile credit information into reports Correct Answer Incorrect Answer
    C To regulate the banking sector 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.

    Practice Next

    Relevant for Exams: