The Stated or Quoted Interest Rate Is Called the Effective

question 26

True/False

The stated or quoted interest rate is called the effective interest rate, and the actual earned interest rate is called the nominal interest rate.

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Definitions:

Burden of Proof

The obligation to prove one's assertion.

Positive Claim

An assertion that something exists or is true, especially one without proof.

Equivocation

The misleading use of a word with more than one meaning or sense, causing an argument to appear logical when it is not.

Shifting Meaning

A logical fallacy that occurs when the meaning of a term or phrase changes in the course of an argument.