Question: What does the term Know Your Customer ( KYC ) refer to in the banking industry? * a ) Understanding the personal preferences of customers

What does the term "Know Your Customer" (KYC) refer to in the banking industry? *
a) Understanding the personal preferences of customers
b) Ensuring customers are well-informed about banking products
c) Verifying the identity and assessing the risk of customers
d) Providing exceptional customer service at all times

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