American Bankers Association Exam CTFA Topic 1 Question 80 Discussion

Actual exam question for American Bankers Association's CTFA exam

Question #: 80
Topic #: 1

[All CTFA Questions]

APR stands for:

AAverage postal rate

BAnnual percentage rate

CAverage prudential rate

DAverage percentage rate

Show Suggested Answer

Suggested Answer: D

by Sanda at Oct 18, 2024, 06:59 AM

Limited Time Offer

25%

Off

Contribute your Thoughts:

Submit Cancel

3 days ago

I was thinking it might be D) Average percentage rate, but B) makes more sense. Gotta love those finance acronyms!

upvoted 0 times

...

6 days ago

B) Annual percentage rate is the correct answer. This is a common financial term that I'm familiar with.

upvoted 0 times

...

12 days ago

I agree with both of you, B) Annual percentage rate makes the most sense in this context.

upvoted 0 times

...

13 days ago

I think it's B too, because APR is commonly used in finance to represent the interest rate on loans.

upvoted 0 times

...

15 days ago

B) Annual percentage rate

upvoted 0 times

...