Saving Is Often Discouraged by Usury Laws During Inflationary Periods

question 134

Multiple Choice

Saving is often discouraged by usury laws during inflationary periods because

• A)nominal rates of interest are kept above real rates of interest.
• B)nominal rates of interest are kept below inflation rates.
• C)nominal rates of interest are kept above inflation rates.
• D)real rates of interest are kept above inflation rates.

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Definitions:

Consumer Debt

Personal debt incurred by an individual primarily for the purchase of consumer goods that are consumable and/or do not appreciate.

Debt Collectors

Individuals or companies engaged in recovering owed money on behalf of themselves or others.

FTC Act

The Federal Trade Commission Act, which established the FTC to prevent unfair competition and protect consumers from anticompetitive, deceptive, and unfair business practices.

Anticompetitive Practices

Business actions that reduce or prevent competition in a market, often scrutinized under competition laws.