A Major Purpose of Usury Laws Is to Make More

question 12

Multiple Choice

A major purpose of usury laws is to make more funds available to low-income borrowers. Economic analysis suggests that usury laws

• A) are effective in achieving this goal.
• B) allocate available funds to high-income borrowers.
• C) have no impact on the allocation of funds between high-income and low-income people.
• D) help low-income people only when the legal interest rate is above the market rate.

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Continuous

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Passing Series

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