Usury laws impose a _________ on interest rates.

Usury Laws

Legislation that sets maximum interest rates that can be charged on loans.

Ceiling

A maximum limit imposed by a government or regulatory body, particularly regarding prices or wages.

Describe the impact of interest rates on economic conditions, encompassing the function of usury legislation.

Verified Answer

Final Answer :

ceiling

Learning Objectives

Describe the impact of interest rates on economic conditions, encompassing the function of usury legislation.