Which of the statements below is FALSE?
A)An advertised rate is a nominal rate.
B)An advertised rate can be referred to as the annual percentage rate or annual percentage yield.
C)An advertised rate can be referred to as the APR or APY.
D)When you visit any financial institution,you will see only one advertised rate.

Question

Quizplus · Accepted Answer

When you visit any financial institution, you may see multiple advertised rates for different types of accounts or products, such as savings accounts, checking accounts, and loans.

Which of the Statements Below Is FALSE