A __________ is a law establishing a maximum rate of permissible interest for which a lender and borrower of money may contract.
A) wager
B) usury statute
C) Sunday statute
D) None of these.

Name: A __________ is a law establishing a maximum rate of permissible interest for which a lender and borrower of money may contract. A) wager B) usury statute C) Sunday statute D) None of these.
Brand: Quizplus
Rating: 4.8 (44 reviews)

Question

Quizplus · Accepted Answer

A usury statute is the correct term for a law that sets the maximum interest rate a lender can charge.

A __________ Is a Law Establishing a Maximum Rate of Permissible