Many States Impose No Limit on the Rate of Interest

question 4

True/False

Many states impose no limit on the rate of interest which may be charged on loans to corporations.

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Definitions:

Qualities

Inherent or distinctive characteristics or traits that define the nature of something.

Median

The middle value in a dataset when it is sorted in ascending order, or the average of the two middle values when the set is even.

Even Number

An even number is an integer that is exactly divisible by 2, such as 2, 4, 6, and so on.

Formula

A mathematical relationship or rule expressed in symbols.