When Money Is Loaned at a Greater Rate of Interest

question 14

Multiple Choice

When money is loaned at a greater rate of interest than is allowed by law, __________ is committed.

• A) usury
• B) credit misfeasance
• C) petty theft
• D) credit malfeasance

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Definitions:

Wages Payable

Liabilities owed to employees for work performed that have not yet been paid.

Cash Flow

The net amount of cash being transferred into and out of a business, reflecting the organization's liquidity.

Operating Activities

Transactions and events that affect the net income of a business, involving its primary ongoing operations.

Cash Flow

The total amount of money being transferred into and out of a business, especially as affecting liquidity.