The Annual Percentage Rate (APR) Is Equivalent to the Stated

question 21

Multiple Choice

The annual percentage rate (APR) is equivalent to the stated rate of interest when the _____ is used to calculate finance charges.

• A) dollar cost of credit method
• B) discount method
• C) average loan balance method
• D) double-declining-balance method
• E) simple interest method

---

Definitions:

Computerized Tomography

A diagnostic imaging technique that uses a series of X-ray measurements taken from different angles to produce cross-sectional images of specific areas of the body.

Electroencephalograph

is a device used to record the electrical activity of the brain, typically for medical diagnosis or research purposes.

Electrical Stimulation

A therapeutic technique involving the application of electrical current to stimulate or modulate muscle activity and nerve functions.

MRI Scanning

A medical imaging technique used in radiology to form pictures of the anatomy and the physiological processes of the body, utilizing strong magnetic fields and radio waves.