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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):┬а APR is the effective annualised rate charged to the borrower of a digital loan.

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