The State of Illinois Enacts a Usury Statute

question 1

Multiple Choice

The state of Illinois enacts a usury statute. The purpose is to

• A) ​establish a maximum rate of interest that may be charged for loans.
• B) ​establish a minimum rate of interest that may be charged for loans.
• C) ​prevent the misuse of money advanced as loans.
• D) ​prevent the misuse of money paid back on loans.

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