The usury laws:
A) Are an example of ethical absolutism
B) Are an example of ethical relativism
C) Bar excessively high interest rates on certain types of loans
D) Reflect the consensus among all countries that interest rates need to regulated by a universal body or multi-governmental entity

Question

Quizplus · Accepted Answer

Usury laws bar excessively high interest rates on certain types of loans, such as payday loans and credit cards. This is not an example of ethical relativism or absolutism, and there is no consensus among all countries about regulating interest rates through a universal or multi-governmental entity.

The Usury Laws