Question

What is an APR? a. Adjusted Personal Return b. Annual Percentage Rate c. Annual Private Rate...

What is an APR?

a. Adjusted Personal Return

b. Annual Percentage Rate

c. Annual Private Rate

d. Approved Power Rating

2. Who has a credit report?

a. Everyone

b. Everyone with a credit account

c. Everyone over 21 years of age

d. Everyone with a social security number
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Homework Answers

Answer #1

Answer:- Option (b): Annual Percentage Rate

Explanation:- Annual Percentage Rate is the the interest rate for a whole year and it is a finance charge which is expressed as an annual rate. So, Annual Percentage Rate is generally abbreviated as APR.

Answer:- Option (b): Everyone with a credit account

Explanation:- A credit report is actually a detailed summary of the bill-paying history and also of the current status of the credit accounts. So, everyone with a credit account has a credit report.

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