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    Financial Institutions and Markets
  4. Exam
    Exam 6: Financial Concepts and Interest Rates
  5. Question
    Most Consumers Give Primary Weight to the Quoted APR on a Loan
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Most Consumers Give Primary Weight to the Quoted APR on a Loan

Question 110

Question 110

True/False

Most consumers give primary weight to the quoted APR on a loan and only secondary weight to the size of loan installment payments in deciding how much, when and where to borrow.

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