Asked by Mercedes Guevara on May 28, 2024
Verified
How much money would be loaned out if there was no usury law?
Usury Law
refers to regulations governing the amount of interest that can be charged on a loan, intended to protect borrowers from excessively high rates.
Loaned Out
Refers to funds that have been borrowed out to others, usually by a financial institution.
- Analyze the influence of interest rate caps on the supply and price of credit.
Verified Answer
FA
Learning Objectives
- Analyze the influence of interest rate caps on the supply and price of credit.