Discussion Forum : Nabard & Other Bank Examinations
Question - What is the full form of APR?
Options:
A .  Annual Priority Rates
B .  Annual Percentage Rates
C .  Amoritized Priority Rates
D .  None of the above
Answer: Option B
AN ANNUAL PERCENTAGE RATE (APR) IS THE ANNUAL RATE CHARGED FOR BORROWING THROUGH AN INVESTMENT. IT IS EXPRESSED AS A PERCENTAGE THAT REPRESENTS THE ACTUAL YEARLY COST OF FUNDS OVER THE TERM OF A LOAN.
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