On Declining-Balance Installment Loans,the APR Is the Same as Interest

question 63

True/False

On declining-balance installment loans,the APR is the same as interest rate applied if there are no fees charged on the loan.

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Definitions:

Gender Differences

Variations in characteristics, behaviors, or attitudes that differ between males and females due to biological, social, or cultural factors.

Vulnerability

A weakness or flaw that can be exploited in a system, individual, or organization to cause harm or failure.

Depression

A common and serious medical illness that negatively affects how you feel, the way you think, and how you act, characterized by persistent feelings of sadness and/or a loss of interest in activities once enjoyed.

Ruminative Response Styles Theory

A theory suggesting that a habit of persistently focusing on one's distress and its possible causes and consequences contributes to depression.