The ____________________, Also Known as the APR, Is the Effective

question 68

Short Answer

The ____________________, also known as the APR, is the effective or true annual interest rate being charged for credit.

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Definitions:

Loaded Questions

Questions that contain a controversial or unjustified assumption or that compel the respondent towards a particular answer.

Response Sets

Response sets are patterns in survey or test responses that do not directly relate to the content being measured but to some aspect of the measurement process itself.

Simplicity

The quality of being easily understood or uncomplicated in nature, often sought in scientific explanations or models for clarity.

Response Set

A pattern of response to questions on a self-report measure that is not related to the content of the questions.