Answered

Apy is a(n) _____

ANo compounding interest rate
BInterest rate advertised by borrowers
CInterest rate advertised by lenders
DDaily interest rate

Verified Answer :

kylemwhite16

Answer:

Interest rate avertised by borrowers

Step-by-step explanation:

fernadiaz82

Answer:

The correct answer is the option B: Interest rate advertised by borrowers

Step-by-step explanation:

The Annual Percentage Yield, or Apy, is the name given to what represents an interest rate, based on a compounding period of a year, therefore annual. It includes the total amount of interest that a person would receive depending on a specific amount of deposit based on the annual rate of the simple interest for financial institutions on the United States. In addition, is regularly used to promote the financial products that do not involve debt.