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:

Duty of Care

Duty of care is a legal obligation that requires individuals or organizations to adhere to a standard of reasonable care while performing acts that could foreseeably harm others.

Financial Statements

Documents that report the financial activities and condition of a business or entity, including the balance sheet, income statement, and cash flow statement.

Land Title

A legal document or evidence that proves ownership of a piece of land.

Solicitor-Client Privilege

A legal principle that protects the confidentiality of communications between lawyers and their clients.