The Maximum Legal Limit for a Loan in Walter's State

question 82

Multiple Choice

The maximum legal limit for a loan in Walter's state is 5.8%. Keeli charges Walter 23% because she does not trust he can pay back the loan. What is the term for giving a loan at an interest rate that exceeds the legal maximum?

• A) Good business practices
• B) Loan manipulation
• C) Legal loan price inflation
• D) Uncustomary
• E) Usury

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