What is the definition of Annual Percentage Rate (APR) Question 6 options:

Refers to the rate you get paid

Your interest charged on your pay check

Refers to the grades you make in school and how it will matter in the future

Refers to the annual rate of interest charged to borrowers and paid to investors.

What is opportunity cost?

Question 7 options:

When you take a financial risk and get a reward.

Refers to what a person gives up when a decision is made. This cost, also called a trade-off, may involve one or more of your resources (time, money, and effort).

Refers to a friend giving you money and you pay them back whenever you have a chance

When someone thinks they can take advantage of you.