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Nominal rate which is quoted to consumers on loans is considered...

This question belongs to Commerce Financial Management
Financial Management
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Nominal rate which is quoted to consumers on loans is considered as

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Correct Answer: Option A
Nominal rate which is quoted to consumers on loans is considered as annual percentage rate. An annual percentage rate (APR) is the annual rate charged for borrowing or earned through an investment. APR is expressed as a percentage that represents the actual yearly cost of funds over the term of a loan.
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