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    Quiz: APR vs. APY

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    Answered 0 of 5
    1. 01

      U.S. law requires banks to advertise savings accounts, money market accounts, and CDs using which figure?

    2. 02

      For the same nominal annual interest rate, APY compared to APR is:

    3. 03

      Why is a mortgage's APR usually slightly higher than its quoted interest rate?

    4. 04

      On a credit card with an 18% APR that compounds daily, the effective rate you actually pay on a carried balance for a full year is closest to:

    5. 05

      What is the fundamental difference between APR and APY?

    5 questions left.