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Which statement best describes the role of a credit agency?

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Which statement best describes the role of a credit agency?
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Solution 1

A credit agency, also known as a credit rating agency, plays a crucial role in the financial system. Its primary function is to assess the creditworthiness of individuals, corporations, and governments. This involves evaluating the ability and willingness of a borrower to repay debt. Credit agencies Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.

Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
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