Examlex
Select the correct description for each of the abbreviations.
-MS
APR
Annual Percentage Rate, a measure used to compare the annual cost of borrowing or the annual yield from an investment, including interest and fees.
Quoted Loan Rates
The interest rates that banks or other lenders advertise as available to borrowers.
Competitive
Characterized by the existence of competition; striving to gain or win something by defeating or establishing superiority over others.
Compounded Continuously
The mathematical limit that investment interest can grow to when it is compounded infinitesimally.
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