Q$\mathrm{.}1$ Which of the following statements is false?

A$.$ Lenders must, by law, inform borrowers of the APR, irrespective of the quoted rate.

B$.$ The Truth in Lending Law requires that the APR be equal to the quoted interest rate.

C$.$ The APR for a declining balance loan is computed as the average annual finance charge divided by the average annual outstanding balance.

D$.$ The APR represents the actual burden of finance charges to the borrower.