Usury laws set a(n)________.
A) lower limit on annual interest rates
B) upper limit on annual interest rates
C) lower limit on levels of intoxication
D) upper limit on levels of intoxication

Question

Quizplus · Accepted Answer

Usury laws set an upper limit on annual interest rates that lenders can charge to borrowers. This is meant to protect consumers from being charged excessively high interest rates on loans, which could lead to financial hardship and debt.

Usury Laws Set A(n)________