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Which Statement Is True

Question 60

Multiple Choice

Which statement is true?


A) Usury laws enable banks to charge higher credit card interest than the price mechanism would allow.
B) Usury laws prevent banks from charging higher credit card interest rates that the price mechanism would allow.
C) Usury laws have never had any effect on how much interest is charged.
D) None of the statements is true.

Correct Answer:

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