If the usury law set the interest rate ceiling at 12%,how much of a shortage of loanable funds would there be?

Usury Law

Legislation that sets a maximum interest rate that may be charged on loans to prevent predatory lending practices.

Shortage

A situation where the demand for a product or service exceeds the available supply, often leading to higher prices.

Loanable Funds

The money available for borrowing, which comes from savings in the economy and influences interest rates through supply and demand dynamics.