Which of the Following Statements Is True of an Annual

question 29

Multiple Choice

Which of the following statements is true of an annual percentage rate (APR) ?

• A)The higher the APR, the greater the interest expense on unpaid balances.
• B)All credit card companies charge the same APR for all transactions.
• C)Credit card companies do not charge the APR on discounted products.
• D)The lower the APR, the lower the cardholder's credit score.

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Definitions:

Explicit Learning

A learning process that involves conscious awareness of what is being learned, typically verbalized or explained.

Implicit Learning

Learning that occurs without conscious awareness of what has been learned.

Instances

Specific examples or occurrences of a particular event or situation.

Natural-Kind Concept

Concepts pertaining to naturally occurring substances.