Answer:
The correct answer is the option B: Interest rate advertised by borrowers
Step-by-step explanation:
The Annual Percentage Yield, or Apy, is the name given to what represents an interest rate, based on a compounding period of a year, therefore annual. It includes the total amount of interest that a person would receive depending on a specific amount of deposit based on the annual rate of the simple interest for financial institutions on the United States. In addition, is regularly used to promote the financial products that do not involve debt.
