________ set an upper limit on the interest rate that can be charged on certain types of loans.
A) Federal banking reforms
B) State usury laws
C) Congressional committees
D) Chambers of commerce

Question

Quizplus · Accepted Answer

State usury laws set a maximum limit on the interest rate that lenders can charge on loans. These laws vary by state and apply to different types of loans, such as payday loans and credit cards. Federal banking reforms, congressional committees, and chambers of commerce do not directly regulate interest rates on loans.

________ Set an Upper Limit on the Interest Rate That