Final answer:
The passage allows students to answer what 'APR' stands for, focusing on the credit and financing sector, including loan costs and financial management.
Step-by-step explanation:
The passage provided offers insights relevant to the credit and financing sector, particularly focusing on the concept of annual percentage rate (APR) and its implications for borrowers. Given the context, it appears that the most accurate answer to the question "Which of the following questions can be answered by the passage?" would be option c, "What does APR stand for?" The passage covers aspects that include understanding the cost of borrowing on a credit card, as well as considerations when shopping for loans, insurance, and managing personal finances.
The other options, such as knowing the specific APR on one's own credit card, whether one should switch to a less expensive credit card, or what kind of credit cards a bank offers, are not directly addressed by the passage and would require specific personal or bank-related information not provided in the text.