Author Question: Payday loans carry an interest rate of a. less than 25 percent. c. about 75 percent. b. about 50 ... (Read 250 times)

CBme

  • Hero Member
  • *****
  • Posts: 548
Payday loans carry an interest rate of
 a. less than 25 percent. c. about 75 percent.
  b. about 50 percent. d. more than 100 percent.

Question 2

Which ethical issue in lending is described in the chapter?
 a. encouraging people to borrow more money than they can afford to repay
  b. charging excessively high interest rates
  c. both a and b
  d. neither a nor b



tofugiraffe

  • Sr. Member
  • ****
  • Posts: 319
Answer to Question 1

D

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

For a complete list of videos, visit our video library