Multiple Choice
The maximum legal limit for a loan in Walter's state is 5.8%. Keeli charges Walter 23% because she does not trust he can pay back the loan. What is the term for giving a loan at an interest rate that exceeds the legal maximum?
A) Good business practices
B) Loan manipulation
C) Legal loan price inflation
D) Uncustomary
E) Usury
Correct Answer:
Verified
Correct Answer:
Verified
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