As of 2015,which of the Following Is True Concerning Payday

question 12

Multiple Choice

As of 2015,which of the following is true concerning payday lending?

• A)The typical borrower earns less than $25,000.
• B)Payday lending has been effectively banned in 15 states.
• C)Interest rate on payday loans were capped at an annual interest rate of 30% by federal legislation.
• D)Less than $30 billion of payday loans were generated by the industry.

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Definitions:

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A chronic disorder characterized by the compulsive use of cocaine, leading to serious psychological, social, and health consequences.

Assumptions

Premises or beliefs taken for granted without verification, often forming the basis of reasoning or an argument without being explicitly stated.

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