What Is a Usury Law

question 56

Multiple Choice

What is a usury law?

• A)A state law that specifies the maximum legal interest rate at which loans can be made
• B)A federal law that specifies the maximum legal interest rate at which loans can be made
• C)A local law that specifies the maximum legal interest rate at which loans can be made
• D)A state law that specifies the legal range of lending interest rates

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Definitions:

Domain

The set of all possible input values for a function.

Rational Function

A function represented by the ratio of two polynomials.

Rational Expression

A ratio of two polynomials.

Simplify

The process of reducing an expression or equation to its simplest form, often by combining like terms or applying mathematical operations.