An annual percentage rate, or apr, represents how much


Asked by wiki @ in Business viewed by 336 People


An annual percentage rate, or APR, represents how much

a interest is paid over a year.
b interest is paid over many years.
c principal is paid over a year
d principal is paid over many years.

What is one example of a closed economy?

a) a barter system that does not rely on money or other currencyb) a restricted system that blocks trade with international partnersc) a trade-based system that encourages the flow of goods and servicesd) an old-fashioned system that preserves traditional choices and customs

Answered by wiki @


1. An annual percentage rate, or APR, represents how much interest is paid over a year. Correct answer: A APR is expressed as a percentage that represents the actual yearly cost of funds over the term of a loan. A fixed APR loan has an interest rate that is guaranteed not to change during the life of the loan or credit facility, while a variable APR loan has an interest rate that may change at any time.

2. A closed economy considers itself self-sufficient and does not trade with other nations. One example of a closed economy is a restricted system that blocks trade with international partners. Correct answer: B There is only domestic production of endogenous goods in this type of economy.

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