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    • Question

      Which of the following is the effective annualised rate

      charged to the borrower of a digital loan?
      A Annual Percentage Rate Correct Answer Incorrect Answer
      B Annual Peer Rate Correct Answer Incorrect Answer
      C Annual Settlements Rate Correct Answer Incorrect Answer
      D Annual Percentage Ratio Correct Answer Incorrect Answer
      E None of the above Correct Answer Incorrect Answer

      Solution

      Annual Percentage Rate (APR):  APR is the effective annualised rate charged to the borrower of a digital loan.

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