APR

B

The correct answer is B. Annual percentage rate.

The Annual Percentage Rate (APR) is a term used in finance and banking to describe the annual rate charged for borrowing or earned through an investment, expressed as a percentage of the total amount borrowed or invested. The APR takes into account the interest rate as well as any other fees or charges associated with the loan or investment, such as origination fees, closing costs, or points.

The APR is a standardized way to compare the cost of borrowing or the return on an investment across different financial products, as it includes all relevant costs and fees. Lenders are required to disclose the APR of a loan to borrowers by law, and investors can use the APR to compare the performance of different investment products.

In summary, the APR is a financial term that represents the total cost of borrowing or the return on investment, expressed as an annual percentage rate.