Asked by Meghan Maratea on May 22, 2024
Verified
Most economists oppose ________ laws,which set interest rate ceilings.
Economists Oppose
Typically involves economists expressing disagreement with certain policies or practices due to predicted negative economic impacts.
Usury Laws
Regulations put in place to limit the interest rate that can be charged on a loan, intended to protect consumers from excessively high rates.
Interest Rate Ceilings
Interest rate ceilings are regulatory measures to limit the maximum interest rate that can be charged on loans and credit products to protect consumers.
- Comprehend the function and influence of usury regulations on interest rates and the availability of credit.
Verified Answer
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Learning Objectives
- Comprehend the function and influence of usury regulations on interest rates and the availability of credit.