Multiple Choice Question 66 Which of the following statements is true of annual percentage rate (APR)? O The Truth-in-Savings Act was passed by Congress to ensure that the true cost of credit was disclosed to consumers. O The Truth-in-Lending Act was passed to provide consumers an accurate estimate of the return they would earn on an investment. 0 The annual percentage rate (APR), and not the effective annual interest rate (EAR), represents the true eco omic interest rate. O The Truth-in Savings Act and Truth-in-Lending Act require by law that the APR be disclosed on all consumer loans and savings plans. Click if you would like to Show Work for this question: Open Show Work nhile you earn points based on the Point Potential Policy set by your instructor