Empirical Evidence Suggests That Usury Laws

question 35

Multiple Choice

Empirical evidence suggests that usury laws

• A) help poor consumers by lowering the interest rate they pay.
• B) hurt poor consumers by limiting their ability to borrow.
• C) keep interest rates low.
• D) limit the amount borrowed by wealthier consumers.

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Definitions:

Processing Information

The act of receiving, interpreting, and responding to information received from the environment or internal cues.

Human Resources

The department within an organization that deals with the recruitment, management, and direction of people who work in it.

Motivation Levels

The degree of desire, willingness, or commitment towards achieving a specific goal or completing a task.

Wages

Payments made to employees for their labor or services, usually calculated on an hourly or daily basis.