By Law,interest Points Must Be Included When Calculating the APR

question 74

True/False

By law,interest points must be included when calculating the APR for the loan.

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Definitions:

Civil Rights Movement

A decades-long struggle by African Americans and their allies in the mid-20th century to end legalized racial discrimination, disenfranchisement, and racial segregation in the United States.

Ngo Dinh Diem

The first president of South Vietnam (1955–1963), whose leadership was marked by the controversial policies against Communists and Buddhists, eventually leading to his assassination during the Vietnam War.

Communist

Refers to a political and economic ideology that aims at establishing a classless society where the means of production are owned communally and wealth is distributed according to need.