This topic contains a solution. Click here to go to the answer

Author Question: Which of the following is most accurate about interest rates in Canada? (Read 88 times)

Metfan725

  • Hero Member
  • *****
  • Posts: 552
Which of the following is most accurate about interest rates in Canada?
The maximum interest rate that can be charged on a consumer loan in Canada is 60 percent.
Charging a rate of three percent for a seven day payday loan is legal in Canada.
As long as loan charges come in the form of fees, they are not included in interest rate calculations in Canada.
Payday loan companies provide a necessary service and have permission to charge above the maximum loan rate in Canada.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Metfan725 on Nov 11, 2019

bbburns21

  • Sr. Member
  • ****
  • Posts: 336
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 39% of students answer this correctly




Metfan725

  • Member
  • Posts: 552
Reply 2 on: Nov 11, 2019
Thanks for the timely response, appreciate it


daiying98

  • Member
  • Posts: 354
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Did you know?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Did you know?

The effects of organophosphate poisoning are referred to by using the abbreviations “SLUD” or “SLUDGE,” It stands for: salivation, lacrimation, urination, defecation, GI upset, and emesis.

For a complete list of videos, visit our video library