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Author Question: Usury laws result in banks making less credit available to lower-income households because A) ... (Read 38 times)

tsand2

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Usury laws result in banks making less credit available to lower-income households because
 
  A) higher-income households will pay a higher interest rate than lower-income households.
  B) loans made to higher-income households have no risk.
  C) loans to lower-income households are riskier than loans to higher-income households.
  D) the regulated interest rate does not adequately compensate the bank for the risk of the loan to a lower-income household.

Question 2

Empirical evidence suggests that usury laws
 
  A) help poor consumers by lowering the interest rate they pay.
  B) hurt poor consumers by limiting their ability to borrow.
  C) keep interest rates low.
  D) limit the amount borrowed by wealthier consumers.


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jharrington11

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tsand2

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Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review


TheDev123

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Reply 3 on: Yesterday
:D TYSM

 

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