Many states do have ____________, which impose an upper limit on the interest rate that lenders can charge.
A. price ceiling laws
B. usury laws
C. price floor laws
D. minimum interest rate
Answer:B
Many states do have ____________, which impose an upper limit on the interest rate that lenders can charge.
A. price ceiling laws B. usury laws C. price floor laws D. minimum interest rate
Explanation: 12. In the United States, a typical credit card interest rate ranges from ______________ per year.