2 years ago

What is the purpose of Usury Laws?

1 answer:

7 0

Answer: B) To prohibit charging excess interest on loans.

Without these laws in place, price gouging (more or less) is very possible. Though with things like high interest rate on credit cards, it's a bit vague and unclear just what constitutes "unreasonable" in terms of how high the rate gets. It seems subjective in my opinion.

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Is america's form of democratic govermment the best way for people to govern themselves?

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