Credit Card Issuers Must Disclose to Credit Applicants the Annual

question 14

True/False

Credit card issuers must disclose to credit applicants the annual percentage rate (APR) that they charge.

---

Definitions:

Qualitative Variables

Variables that express qualitative attributes, and are usually described by non-numeric categories or groups.

Regression Model

A statistical approach for estimating the relationships among variables, often used for prediction and forecasting.

Dummy Variables

Variables created to assign numerical values to categorical data, often used in regression analysis to include qualitative factors as independent variables.

Qualitative Variables

Variables that categorize or describe attribute characteristics without a natural numerical order or ranking.