Examlex
Which of the following statements about the GINI index is FALSE?
Annual Percentage Rate
The annual rate charged for borrowing or earned through an investment, which includes all fees and costs.
Effective Annual Rate
The interest rate that describes the full amount of interest paid over one year, considering compounding.
APR
Annual Percentage Rate; the annual rate charged for borrowing or earned through an investment, inclusive of any fees or additional costs.
Effective Rate
The actual interest rate on a loan or investment, taking into account the effect of compounding over a given period of time.
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