American_Bankers_Association

CTFA · Question #160

APR stands for:

The correct answer is B. Annual percentage rate. See the full explanation below for the reasoning.

Fiduciary and Trust Activities

Question

APR stands for:

Options

AAverage postal rate
BAnnual percentage rate
CAverage prudential rate
DAverage percentage rate

How the community answered

(37 responses)

A
5% (2)
B
81% (30)
C
11% (4)
D
3% (1)

Topics

#APR#annual percentage rate#consumer credit terminology#interest

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