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

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Sarah

2 months ago

As an accountant, B) Annual percentage rate is a no-brainer. Although I'm now curious about A) Average postal rate - might be a good trivia question!

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Dolores

10 days ago

Definitely, B) Annual percentage rate is commonly used in financial calculations.

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Paulina

11 days ago

I think A) Average postal rate would be an interesting trivia question.

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Leoma

26 days ago

I agree, B) Annual percentage rate is the correct answer.

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Mitsue

2 months ago

Easy peasy, B) Annual percentage rate. Although I did briefly consider C) Average prudential rate, just to keep things interesting.

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Franklyn

2 days ago

Yeah, B) Annual percentage rate is definitely the right choice here.

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Elly

3 days ago

I think B) Annual percentage rate is the most common definition for APR.

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Kasandra

11 days ago

I also chose B) Annual percentage rate, it just makes the most sense.

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Amina

1 months ago

I agree, B) Annual percentage rate is the correct answer.

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Sherell

2 months ago

APR? I was totally thinking it was related to the postal service. Glad I double-checked the options!

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Han

2 months ago

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

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Adelle

1 months ago

Yeah, that's right. APR stands for Annual percentage rate.

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Anabel

1 months ago

I think it's B) Annual percentage rate.

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Della

2 months ago

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

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Lashaun

1 months ago

It's important to understand the APR to know the true cost of borrowing.

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Gail

2 months ago

I always make sure to check the APR before getting a loan.

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Tawna

2 months ago

That's correct! It's a common financial term.

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Eun

2 months ago

I think APR stands for Annual percentage rate.

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Isidra

3 months ago

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

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Kiley

3 months ago

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

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Mireya

3 months ago

B) Annual percentage rate

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