The State of Nevada Enacts a Usury Statute

question 39

Multiple Choice

The state of Nevada enacts a usury statute. With respect to different types of transactions, including ordinary loans, the purpose of the statute is to

• A)set a maximum rate of interest.
• B)regulate certain forms of gambling.
• C)specify clauses that must be included in certain contracts.
• D)prohibit certain contracts based on their subject matter.

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Definitions:

Detailed Narrative

A comprehensive and vivid storytelling or account that includes all the relevant particulars and specifics.

Visual Aid

Tools such as graphs, maps, or slides used to enhance understanding or retention of information.

Graphic Visual Aids

Visual elements such as charts, diagrams, or illustrations used to convey information or assist in comprehension.

Listener Memory

Listener memory pertains to the capacity of an audience to retain and recall information that has been communicated to them auditorily.