Multiple Choice
The interest rate which banks, credit unions and other lending institutions must report to a loan customer under federal law is the:
A) Current yield
B) Discount rate
C) Annual percentage rate (APR)
D) Add-on rate
E) Simple interest rate
F) Yield to maturity
G) Holding-period yield
H) Coupon rate
Correct Answer:
Verified
Correct Answer:
Verified
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