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The interest rate that is most commonly quoted by a lending institution such as a bank is referred to as the a.effective annual rate. b.annual
- The interest rate that is most commonly quoted by a lending institution such as a bank is referred to as the
a.effective annual rate.
b.annual percentage rate.
c.common rate.
d.simple rate.
e.compound annual rate.
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Financial Markets And Institutions
Authors: Frederic S. Mishkin, Stanley G. Eakins
9th Edition
0134519264, 9780134519265
