In Some States, a Lender Who Charges a Usurious Rate

question 29

True/False

In some states, a lender who charges a usurious rate forfeits both the principal and interest on the loan.

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Definitions:

Less-Developed Countries

Nations with a lower living standard, underdeveloped industrial base, and low Human Development Index relative to other countries.

Soybeans Produced

The total quantity of soybeans grown and harvested, often measured in bushels or metric tons, important for both human consumption and animal feed.

Farm Subsidies

Financial assistance provided by the government to farmers to supplement their income, stabilize food prices, and ensure a reliable supply of agricultural products.

Crop Production

The process of growing crops for food, fiber, biofuel, medicinal plants, or other uses.