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:

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The measurement of acidity or alkalinity in the blood, essential for maintaining homeostasis and normal bodily function.

Respiratory Center

A region of the brain stem involved in the regulation of breathing rhythm and depth.

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Enzymes that function within the cells to facilitate metabolic processes and biochemical reactions.

Sodium-Potassium Pump

A cellular mechanism that uses ATP energy to transport sodium ions out of the cell and potassium ions into the cell, crucial for maintaining cell potential.