Financial literacy lacking: survey

ONE in three Irish adults do not know the definition of one of the most common financial terms, APR, according to research commissioned by the National Adult Literacy Agency (NALA).

Tue, 20 Sep, 2005 - 01:00
Niamh Hennessy

Furthermore, over half of middle-income respondents, selected the incorrect explanation of the term.

APR or the Annual Percentage Rate is the interest rate charge on a loan.

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