The APR on a Loan Must Be Equal to the Effective

question 62

Multiple Choice

The APR on a loan must be equal to the effective annual rate when:

• A) compounding occurs monthly.
• B) compounding occurs annually.
• C) the loan is for less than one year.
• D) the loan is for more than one year.

---

Definitions:

Mental Health Problems

A range of mental health conditions that affect mood, thinking, and behavior, including depression, anxiety disorders, schizophrenia, eating disorders, and addictive behaviors.

Coping

Strategies that individuals use to manage the distressing problems and emotions in their lives.

Distressing Problems

Issues or challenges that cause emotional pain or discomfort to an individual.

Alarm Stage

The initial reaction of the body's stress response, characterized by the activation of the sympathetic nervous system to fight a threat or stressor.