Half Of Romanians Misunderstand The Notion Of Loan Annual Percentage Rate - Survey

11.16.2011 By Radu Bostan

Most Romanians choose a loan offer according to the effective annual percentage rate (APR, called DAE in Romania), but one third do not know what this rate means and more than half have the wrong idea about this indicator, says a poll carried out in November by Novel Research.

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Keywords:
LOAN INTEREST
, SURVEY
, APR