Liquidity refers to your ability to cover any long-term cash deficiencies.

Question

Question 34 options:

True

False
Random Section Chp 7
Question 35 (2 points)
The annual percentage rate (APR) on credit is the simple interest rate after including any fees (such as an application processing fee) imposed by the creditor.
Question 35 options:

True

False

Answer 1

For Question 34:

False. Liquidity specifically refers to the ability to cover short-term cash needs or obligations, not long-term deficiencies.

For Question 35:

False. The annual percentage rate (APR) is designed to reflect the total cost of borrowing on an annual basis, including interest and certain fees, but it does not typically include all fees (for example, some fees might be excluded depending on the legal definitions in different jurisdictions).