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Type: Multiple-Choice
Category: Personal Finance
Level: Grade 12
Author: Notsosuperwoman
Last Modified: 3 years ago

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Personal Finance Question

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Grade 12 Personal Finance

The annual rate that is charged for borrowing money; expressed as a single percentage number that represents the actual yearly cost of funds over the term of the loan.
  1. Annual Percentage Rule (APR)
  2. Annual Percentage Rate (APR)
  3. Annual Plan Rate (APR)
  4. Actual Percentage Rate (APR)
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