Numerous states impose no limit on the rate of interest that may be charged on:
A) loans to corporations.
B) credit card transactions.
C) loans made by certain designated types of lenders.
D) All of these.

Question

Quizplus · Accepted Answer

All of these options are correct. Numerous states have regulations that allow for no limit on the interest rates for loans to corporations, credit card transactions, and loans made by certain designated types of lenders. These exceptions to usury laws are often made to promote business flexibility and financial market competitiveness.

Numerous States Impose No Limit on the Rate of Interest