Multiple Choice
Which statement is true?
A) Usury laws enable banks to charge higher credit card interest than the price mechanism would allow.
B) Usury laws prevent banks from charging higher credit card interest rates that the price mechanism would allow.
C) Usury laws have never had any effect on how much interest is charged.
D) None of the statements is true.
Correct Answer:
Verified
Correct Answer:
Verified
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