Many States Impose No Limit on the Rate of Interest

question 47

Multiple Choice

Many states impose no limit on the rate of interest that may be charged:

• A)on loans to corporations.
• B)on consumer credit card transactions.
• C)on any consumer loan.
• D)All of the above.
• E)Both (a) and (b).

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Definitions:

Ethical Criteria

Standards or principles used to judge the rightness or wrongness of actions, often based in moral philosophy.

Accounting Majors

Students specializing in the study of accounting, preparing for careers in financial reporting, auditing, tax, and more.

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A political and economic union of 27 member states that are located primarily in Europe, aimed at facilitating economic cooperation.