Loan sharking involve lending money at rates higher than those prescribed by law.

Name: Loan sharking involve lending money at rates higher than those prescribed by law.
Brand: Quizplus
Rating: 4.8 (53 reviews)

Question

Quizplus · Accepted Answer

Loan sharking is illegal and involves lending money at exorbitant interest rates, often above the legal limit. This practice exploits individuals who may be in urgent need of financial assistance, trapping them in a cycle of debt and creating financial hardship.

Loan Sharking Involve Lending Money at Rates Higher Than Those