Usury Laws That Set Maximum Interest Rates

question 192

Multiple Choice

Usury laws that set maximum interest rates

• A)are designed to protect the consumer.
• B)interfere with the market allocation process.
• C)have an effect only if the market rate is higher than the legal maximum.
• D)All of the above are correct.

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Definitions:

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Congress

The national legislative body of the United States, consisting of two houses: the Senate and the House of Representatives.

Ethics

Moral principles and values applied to social behavior.

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