-If there were no usury law the interest rate would be _________%.

Question

Quizplus · Accepted Answer

Without usury laws, lenders could charge higher interest rates to borrowers, which could lead to excessive debt and financial instability. Historically, some lenders have charged interest rates as high as 30% or more, although this practice is generally considered unethical and exploitative. A more reasonable estimate for the absence of usury laws would be around 24%. Therefore, the best choice is D) 24.

-If There Were No Usury Law the Interest Rate Would