RRSO: rzeczywista czy nierzeczywista roczna stopa oprocentowania?
APR: Real or Unreal Rate Reflecting the Cost of Credit?

Summary/Abstract: The APR is currently the main measure determining the cost of credit to the borrower. The study is another attempt at analysing the informative potential of this measure in what is still scant scientific literature. The aim of the study is to show what information the APR actually provides and to demonstrate that the value of this measure calculated in accordance with the formula included in the Consumer Credit Act does not reflect the actual cost of credit - contrary to the name of this measure and its definition. The result of the critical analysis conducted is a proposal to modify the calculation formula so that it better reflects the purpose for which it has been created.

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