Which of the Following Statements About Annual Percentage Rate (APR)

question 27

Multiple Choice

Which of the following statements about annual percentage rate (APR) and effective annual rate (EAR) are not true?

• A) The annual percentage rate (APR) is considered a more accurate measurement of what you will actually pay.
• B) Lenders are legally required to show potential borrowers the effective annual rate (EAR) on any loan offered.
• C) The difference between APR and EAR is not that large.
• D) None of the above are untrue statements.

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