Which Statement Is True

question 78

Multiple Choice

Which statement is true?

• A)Usury laws enable banks to charge higher credit card interest than the price mechanism would allow.
• B)Usury laws prevent banks from charging higher credit card interest rates that the price mechanism would allow.
• C)Usury laws have never had any effect on how much interest is charged.
• D)None of the statements is true.

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Definitions:

Ads

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Transmitter

An agent or intermediary with which the sender works to develop the marketing communications; for example, a firm’s creative department or an advertising agency.

Intended Audience

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Blogs

Websites or online platforms that feature regularly updated articles, posts, or commentary, usually on specific subjects.