Usury Ceilings Are Maximum Rates Imposed by Federal Legislation That

question 59

True/False

Usury ceilings are maximum rates imposed by federal legislation that FIs can charge on consumer and mortgage debt.

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Definitions:

Arrow's Impossibility Theorem

A theorem demonstrating that no rank-order voting system can be designed to satisfactorily convert the ranked preferences of individuals into a community-wide ranking while meeting a specified set of criteria.

Social Ordering

A concept in sociology that refers to the systematic organization of individuals in a society based on various criteria such as economic status, power, ethnicity, or age.

Complete

Refers to a state where all necessary parts are present or when a process has been finished entirely, leaving nothing omitted.

Reflexive

A property of binary relations where every element is related to itself; often discussed in mathematics and logic.