The Annual Percentage Rate (APR) Is Useful Because It Allows

question 52

True/False

The annual percentage rate (APR) is useful because it allows you to easily compare financing costs among various possible creditors.

---

Definitions:

Multilateral Aid

Financial assistance provided by multiple governments or organizations to support development projects in other countries.

Nonprofit Organization

An entity that operates for the public or social benefit rather than to make a profit for its owners or shareholders.

Dambisa Moyo

An international economist and author known for her work on global economic trends and policies affecting economic development.

Foreign Aid

Involves the transfer of resources from one country to another, typically from developed to developing nations, aimed at promoting economic development and welfare.