Which of the Following Statements Is FALSE? Pay Day Loans

Multiple Choice

Which of the following statements is FALSE? Pay day loans

A) usually involve small loans for short periods of time
B) require some companies to guarantee their employee's loans until their next pay cheque is issued
C) can legally exceed criminal code maximum interest rate limits
D) are regulated by provincial laws
E) can legally charge interest rates in excess of 500% in some parts of Canada