What does APR stand for?

题目解析

Question

What does APR stand for?

题目解析

BlackTom AI · Accepted Answer

The prompt asks for what APR stands for, so we need to evaluate each option against the standard financial acronym.
Option 1: 'Annexed Percentage Route' does not resemble any conventional financial terminology. The words 'Annexed' and 'Route' are not used together in lending or interest-rate contexts, making this option implausible.
Option 2: 'Annual Principle Route' mislabels a key financial term: 'Principle' is commonly confused with 'principal' in finance, but that aside, the phrase 'Annual Principle Route' does not correspond to any recognized expansion of APR and sounds semantically mismatched for a rate definition.
Option 3: 'Annuity Privileged Rate' uses terms that belong to different concepts (annuities and privileged rates). APR is not defined as a special 'privileged rate' for annuities, so this option does not align with the standard meaning.
Option 4: 'Annual Percentage Rate' matches the well-known acronym APR in finance, where 'Annual' denotes yearly exposure, 'Percentage' signals the rate, and 'Rate' confirms it as a numeric charged interest or cost expressed as a percentage per year. This aligns with common definitions used in loans, credit cards, and financing agreements.
In summary, evaluating the linguistic accuracy and domain relevance, the fourth option correctly maps to the standard expansion of the acronym APR, while the other options conflict with established terminology or semantic usage in financial contexts.

SOC-ECONB Credit Homework

What does APR stand for? 题目解析

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In August 2021, which type of consumer loan had the HIGHEST interest rate?

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SOC-ECONB Credit Homework

What does APR stand for? 题目解析

查看解析

登录即可查看完整答案

类似问题

In August 2021, which type of consumer loan had the HIGHEST interest rate?

Question at position 17 In exchange for partial payment of a property’s income, a lender would most likely offer a higher interest rate?TrueFalse

A _______ APR will result in a _______ true cost of credit.

Which of the following statement is true?

Effective annual rate (EAR) is ………… annual percentage rate (APR) when interest is paid many times a year.

Which one of the following statements concerning interest rates is correct?

Which one of the following statements concerning interest rates is correct?

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希望你的学习变得更简单

A _ APR will result in a _ true cost of credit.