The State of New York Enacts a Usury Statute

question 56

Multiple Choice

The state of New York enacts a usury statute. With respect to different types of transactions, including ordinary loans, the purpose of the statute is to

• A) set a maximum rate of interest.
• B) regulate certain forms of gambling.
• C) specify clauses that must be included in certain contracts.
• D) prohibit certain contracts based on their subject matter.

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Definitions:

Confounding Variables

Factors other than the independent variable that may cause a result in an experiment, potentially leading to incorrect conclusions.

Descriptive Methods

Research techniques used to describe characteristics of a population or phenomenon, involving observations and surveys without influencing the subjects.

Case Studies

An investigative technique that involves a thorough, detailed, and comprehensive analysis of a study subject (the case) and the conditions surrounding it in its context.

Naturalistic Observations

An observational research strategy where subjects are examined within their natural habitats without any intervention from the person observing.