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What is the purpose of the 5 C's of Credit in lending? * To evaluate the creditworthiness of a borrower * To set the collateral

What is the purpose of the 5 C's of Credit in lending? * To evaluate the creditworthiness of a borrower * To set the collateral requirements for a loan * To determine the amount of interest to charge on a loan * To determine the loan term and repayment schedule

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