Which Is Not a Reason Usury Laws Are Often Politically

question 1

Multiple Choice

Which is not a reason Usury laws are often politically popular?

• A)Few people sympathize with banks and other lenders who are suspected of price gouging.
• B)Consumers are in favor of the lower lending rates.
• C)The lower rates allow people to borrow more.
• D)Lenders, not the Usury laws, are often blamed by people who do not get loans.

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Definitions:

Replacement Payment

A replacement payment is a sum paid to compensate for a loss or replacing a missed payment or asset.

Compounded Quarterly

Interest calculation method where interest is added to the principal every three months, affecting the total interest earned or paid.

Compounded Monthly

A financial term indicating the interest on a deposit or loan is calculated and added to the principal amount each month; it emphasizes the frequent interest capitalization as opposed to annual.

Investor

A person or organization that invests money anticipating to gain financial profits.