Numerous States Impose No Limit on the Rate of Interest

question 37

Multiple Choice

Numerous states impose no limit on the rate of interest that may be charged on:

• A) loans to corporations.
• B) credit card transactions.
• C) loans made by certain designated types of lenders.
• D) All of these.

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Definitions:

Nonunionized

Refers to a workplace or workforce that is not represented by a labor union or does not engage in collective bargaining.

Union Certification Election

A formal process in which employees of a workplace vote on whether or not to be represented by a labor union.

Authorization Cards

Documents signed by employees to indicate their wish to be represented by a labor union.

Organized Labor

A group of workers united as a single, representative entity for the purpose of improving the workers' economic status and working conditions through collective bargaining with employers.