Asked by China lilian on May 12, 2024
Verified
Usury laws interfere with the ____________________.
Usury Laws
Usury Laws are regulations governing the interest rate that can be charged on a loan, designed to protect consumers from excessively high rates.
Free Market
An economic system where prices for goods and services are determined by the open market and consumers, in which the laws and forces of supply and demand are free from any intervention by a government or other authority.
- Acquire knowledge on the effect of usury statutes on interest rates and the provision of credit.
Verified Answer
VC
Learning Objectives
- Acquire knowledge on the effect of usury statutes on interest rates and the provision of credit.