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frez [133]
2 years ago
5

the state of nevada enacts a usury statute. with respect to different types of transactions, including ordinary loans, the purpo

se of the statute is to
Social Studies
1 answer:
larisa86 [58]2 years ago
7 0

The purpose of the Usury statute is to set a maximum rate of interest in the state of Nevada.

Usury statute is basically the state law which governs the amount of interest that can be charged on loan in the region.

  • Usury statute ensures maximum interest rate for different types of transactions including ordinary loans.

In conclusion, the purpose of the Usury statute is to set a maximum rate of interest in the state of Nevada.

Read more about Usury statute

<em>brainly.com/question/1211955</em>

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