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The Effective or True Annual Interest Rate Being Charged for Credit

question 39

True/False

The effective or true annual interest rate being charged for credit is called the Annual Percentage Rate (APR).​

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Definitions:

Net Energy

The amount of energy available from a resource after subtracting the energy spent to obtain, process, and distribute it.

Thermodynamics

A branch of physics that deals with the relationships between heat and other forms of energy, and how these affect matter.

Conservation

The practice of protecting natural resources and the environment through preservation, management, and restoration efforts to prevent degradation.

Crude Oil

A natural, unrefined petroleum product composed of hydrocarbon deposits and other organic materials.

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