Suppose a State Has Set a Usurious Rate of Interest

question 45

Multiple Choice

Suppose a state has set a usurious rate of interest as any interest rate above 25 percent.Samuel borrows $1,000 from Clara.Clara can demand a maximum of ________ without violating the usury law.

• A) $1,000
• B) $25
• C) $1,250
• D) $750

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Definitions:

Mathematical Techniques

Various methods and tools derived from mathematics used to solve problems, analyze data, or model and predict outcomes.

Behavioural Approaches

Strategies or methods in psychology and management focusing on studying and modifying observable actions and reactions in individuals.

Quantitative Approaches

Quantitative Approaches involve the use of mathematical, statistical, and computational techniques to analyze and model data, often used in decision-making, problem-solving, and predicting outcomes.

Modern Management Approaches

Contemporary methodologies and strategies utilized in organizing, planning, leading, and controlling within organizations to improve efficiency and effectiveness.