The Maximum Interest Rate That May Be Charged on a Business

question 8

Multiple Choice

The maximum interest rate that may be charged on a business loan is

• A) 19 percent.
• B) 12 percent.
• C) 16 percent.
• D) unlimited.

---

Definitions:

Staff Meeting

A scheduled gathering of employees led by management to discuss business operations, goals, or other work-related topics.

Virtual Private Network Connection

A secure network connection over the internet that encrypts data as it travels from one point to another, often used to protect sensitive information.

C2C

Consumer-to-Consumer, a business model where trade, exchange, or transactions occur between consumers, facilitated by a third party or platform.

Transaction

A financial event that changes an entity's financial position, often recorded in the accounting system.