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The annual rate a bank advertises is the same as the effective rate. a. True b. False

The annual rate a bank advertises is the same as the effective rate. a. True b. False
asked 218k views
2 votes
The annual rate a bank advertises is the same as the effective rate.
a. True
b. False

asked
User Claudio P
by
7.8k points

1 Answer

4 votes
False is the correct answer. 
answered
User Kartearis
by
8.8k points
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