The nominal rate which is quoted to consumers on the loans is considered as Options: A . &nbspannual percentage rate B . &nbspannual rate of return C . &nbsploan rate of return D . &nbsplocal rate of return

The nominal rate which is quoted to consumers on the loans is considered as

Question

The nominal rate which is quoted to consumers on the loans is considered as

Options:

A . annual percentage rate

B . annual rate of return

C . loan rate of return

D . local rate of return

Answer: Option A
Answer: (a).annual percentage rate

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