Which of the Following Statements Is Correct

question 69

Multiple Choice

Which of the following statements is correct?

• A)FAQ stands for Frequently Answered Questions.
• B)PIPEDA stands for Private Information Protection and Electronic Documents Act.
• C)IMTP stands for Internet Traffic Management Procedures.
• D)ITRC stands for Identity Theft Research Center.
• E)PIPEDA stands for Personal Information Protection and Electronic Documents Act.

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Definitions:

Nominal Rate of Interest

The stated interest rate of a bond or loan without adjusting for inflation or other factors that affect the true cost of borrowing.

Real Rate of Interest

The interest rate that has been adjusted to remove the effects of inflation, showing the real earning power of an investment.

Inflation Rate

A situation where the overall cost of goods and services climbs, causing the value of money to diminish.

Annual Percentage Rates (APRs)

A measure of the cost of credit, expressed as a yearly interest rate, that includes interest, fees, and other charges associated with the loan.