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Suppose a State Has Set a Usurious Rate of Interest

Question 80

Multiple Choice

Suppose a state has set a usurious rate of interest as any interest rate above ________ percent.Joseph borrows $10,000 from Derek.Derek can demand a maximum of $11,000 without violating the usury law.


A) 10
B) 100
C) 1
D) 1000

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