Asked by Angelstar Kasper on Jun 15, 2024
Verified
________________ is defined as "an unconscionable or exorbitant rate of interest."
Usurious Interest
Exorbitantly high interest rates, often exceeding legal or ethically acceptable limits.
Unconscionable
Refers to actions or terms that are excessively unjust or unreasonable, often to a degree that they violate fairness or ethics.
- Explain the effects of interest rates on the economy, including the role of usury laws.
Verified Answer
TS
Learning Objectives
- Explain the effects of interest rates on the economy, including the role of usury laws.