APR Stands for Which of the Following

question 15

Multiple Choice

APR stands for which of the following?

• A)Annual percentage rate
• B)Amortized percentage regulator
• C)Accrued percentage rate
• D)Annual percentage regulator

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Definitions:

Economic Profit

The difference between a firm's total revenue and its opportunity costs, including both explicit and implicit costs.

State Licensing Fee

A mandatory charge paid to a state government for the issuance of a license to conduct a particular business or profession within that state's jurisdiction.

Marginal Cost

The escalation in aggregate cost stemming from the production of one more unit of a good or service.

Business Tax

Taxes imposed on the income or profit of businesses, varies by country and the type of business.