Author Question: Payday loans carry an interest rate of a. less than 25 percent. c. about 75 percent. b. about 50 ... (Read 228 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?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

For a complete list of videos, visit our video library