The ________ the APR, the ________ the True Cost of Credit

question 100

Multiple Choice

The ________ the APR, the ________ the true cost of credit.

• A) lower; higher
• B) lower; lower
• C) higher; lower
• D) None of these answer choices are correct.

---

Definitions:

Economic Values

The worth of goods, services, or property in terms of their ability to generate income or wealth.

Annuities

Financial products that provide a series of payments over time, often used for retirement income.

Economic Values

The worth of goods or services determined by their utility and scarcity in relation to consumer demand.

Annuities

Financial products that pay out a fixed stream of payments to an individual, typically used as part of retirement planning.