-If There Were No Usury Law the Interest Rate Would

question 80

Multiple Choice

-If there were no usury law the interest rate would be _________%.

• A)6
• B)12
• C)18
• D)24
• E)30

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Definitions:

Risk-Averse

A characteristic describing individuals or entities that prefer to avoid risks and favor more certain outcomes.

Marginal Utility

The additional satisfaction or utility that a consumer derives from consuming one more unit of a good or service.

Income

Money that an individual or business receives in exchange for providing a good or service or through investing capital.

Utils Per Dollar

An economic concept used to measure the amount of utility or satisfaction a consumer receives per dollar spent.