American Bankers Association Exam CTFA Topic 1 Question 80 Discussion

Actual exam question for American Bankers Association's CTFA exam

Question #: 80
Topic #: 1

[All CTFA Questions]

APR stands for:

AAverage postal rate

BAnnual percentage rate

CAverage prudential rate

DAverage percentage rate

Show Suggested Answer

Suggested Answer: D

by Sanda at Oct 18, 2024, 06:59 AM

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Mitsue

2 days ago

Easy peasy, B) Annual percentage rate. Although I did briefly consider C) Average prudential rate, just to keep things interesting.

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Sherell

3 days ago

APR? I was totally thinking it was related to the postal service. Glad I double-checked the options!

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Han

12 days ago

I was thinking it might be D) Average percentage rate, but B) makes more sense. Gotta love those finance acronyms!

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Della

15 days ago

B) Annual percentage rate is the correct answer. This is a common financial term that I'm familiar with.

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Isidra

21 days ago

I agree with both of you, B) Annual percentage rate makes the most sense in this context.

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Kiley

22 days ago

I think it's B too, because APR is commonly used in finance to represent the interest rate on loans.

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Mireya

24 days ago

B) Annual percentage rate

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