A Number of States Have Enacted Statutes Exempting the Following

question 18

Multiple Choice

A number of states have enacted statutes exempting the following types of lenders from their usury laws:

• A) eligible lenders of installment loans.
• B) lenders for large consumer loans.
• C) lenders of unsubsidized educational loans.
• D) None of these.Only certain types of transactions rather than types of lenders are exempted.

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Definitions:

Histogram

A graphical representation of the distribution of numerical data, often showing bins or intervals and the count of observations within each.

Symmetric

A symmetric shape or distribution shows mirror-image symmetry along a central axis, meaning it looks the same on both sides of the center.

Bell Shaped

Describing a graphical representation of data that exhibits a symmetric distribution around a central peak, resembling the shape of a bell.

Ordered Data Set

A collection of objects or values arranged in a sequence following a specific order, usually numerical or alphabetical.