The Illegal Practice of Charging More Than the Amount of Interest

question 24

Multiple Choice

The illegal practice of charging more than the amount of interest allowed by law is called:

• A)libel.
• B)in pari delicto.
• C)slander.
• D)usury.

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Definitions:

International System

A global framework consisting of political, economic, social, and legal rules that govern the relations between nations.

Exchange Rates

The rate at which one currency can be converted into another.

Bretton Woods

Bretton Woods refers to the 1944 international agreement that established fixed foreign exchange rates for major currencies, thereby creating a framework for international trade and financial relations.

World War II

A worldwide war that occurred between 1939 and 1945, engaging the majority of the world's countries, including all major powers, which eventually split into two conflicting military coalitions: the Axis and the Allies.