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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:

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Suggested Answer: D

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

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Sarah
1 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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Leoma
10 days ago
I agree, B) Annual percentage rate is the correct answer.
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Mitsue
1 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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Amina
21 days ago
I agree, B) Annual percentage rate is the correct answer.
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Sherell
1 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
15 days ago
Yeah, that's right. APR stands for Annual percentage rate.
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Anabel
17 days 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
27 days ago
It's important to understand the APR to know the true cost of borrowing.
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Gail
29 days ago
I always make sure to check the APR before getting a loan.
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Tawna
1 months ago
That's correct! It's a common financial term.
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Eun
1 months ago
I think APR stands for Annual percentage rate.
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Isidra
2 months ago
I agree with both of you, B) Annual percentage rate makes the most sense in this context.
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Kiley
2 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
2 months ago
B) Annual percentage rate
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