Some past and current civilizations, believing that interest should not be charged, passed usury laws forbidding it.
Question:
Some past and current civilizations, believing that interest should not be charged, passed usury laws forbidding it. What are the private and social benefits or costs of allowing interest to be charged?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (15 reviews)
Charging interest gives lenders incentive to lend money when they might ...View the full answer
Answered By
Fahmin Arakkal
Tutoring and Contributing expert question and answers to teachers and students.
Primarily oversees the Heat and Mass Transfer contents presented on websites and blogs.
Responsible for Creating, Editing, Updating all contents related Chemical Engineering in
latex language
4.40+
8+ Reviews
22+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
What are usury laws? Why do economists hate them?
-
Preparing and using pro forma statements Nancy Pinedo and Justin Johnson recently graduated from the same university. After graduation they decided not to seek jobs at established organizations but,...
-
Maria Gutierrez and Devin Duzan recently graduated from the same university. After graduation they decided not to seek jobs at established organizations but, rather, to start their own small business...
-
Computer Technologies provides maintenance service for computers and office equipment for companies throughout the Northeast. The sales manager is elated because she closed a $300,000 three-year...
-
(a) What is the magnitude of the momentum of a 0.0053-kg marble whose speed is 0.65 m/s? (b) What is the speed of a 0.132-kg baseball whose momentum has a magnitude of 3.28 kg m/s?
-
Figure 6.16 shows a fabricated assembly made from three different sizes of standard steel tubing listed in Appendix G.2. The larger tube on the left carries 0.072 m 3 /s of water. The tee branches...
-
What are firm-specific advantages, and how do they influence a companys global strategy?
-
It is desired to obtain 500 VAR reactive power from 230 Vrms 50 Hz 1.5 KVAR reactor. What should be the angle of the AC to AC converter to be used? Calculate the THD of the current drawn from the...
-
(OSCAGC03s04q078P) Use the functions f (x) = 4x2 +3 and g(x) g(f(-4)) f(g(-4)) 3x+3 to evaluate the following.
-
The following payments and receipts are related to land, land improvements, and buildings acquired for use in a wholesale apparel business. The receipts are identified by an asterisk. a. Finders fee...
-
You have a barrel of oil that you can sell today for p dollars. Assuming no inflation and no storage cost, how high would the price have to be next year for you to sell the oil next year rather than...
-
Humphreys and Pyun (2016) estimated that (MRP - salary)/MRP = 0.89 for rookie major league baseball players, while the comparable figure for players who are eligible to be free agents is 0.21....
-
The ages (in years) of a random sample of shoppers at a clothing outlet Find the range, mean, variance, and standard deviation of the sample data set. 16 18 19 17 14 15 17 17 17 16 19 22 24 14 16 14...
-
Discuss how HIM professionals play a significant role in the quality and patient safety initiatives at Western View Hospital from the following scenario You are the manager of Western View Hospital's...
-
For the writing assignment, we must write about a subject or subjects that we learned this semester and how we believe this subject/subjects will help in our chosen career path. My subject is: Types...
-
Theresa and Mike want to make up merged company that is defined by a culture of integrity, thus aiding employees in making ethical decisions, such as in Joe's ethical dilemma. They will begin by...
-
What do you think about the relationship between customer satisfaction and loyalty? Hotel Service Recovery and Service Quality by Liat, Mansori, Chuan, and Imrie, from Journal of Global Marketing...
-
Write a essay about The importance of customer satisfaction in quality cultures.
-
Steve Hammer started his contracting business, Hammer Contractors (HC), six years ago and now owns three machines: a bulldozer, an excavator, and a front-end loader. His business is primarily...
-
The company manufactures three products: wooden chairs, tables and dressers. AFC started off as a 'Mom & Pop' shop but has grown rapidly. AFC uses one assembly line to build all three products,...
-
In previous years, gasoline was less expensive in the United States than in Canada, but now, due to a change in taxes, gasoline costs less in Canada than in the United States. How will the...
-
Einav et al. (2012) found that people who live in high sales tax locations are much more likely than other consumers to purchase goods over the Internet because Internet purchases are generally...
-
Salvo and Huse (2012) found that roughly one-fifth of flexible-fuel (cars that can run on a mix of ethanol and gasoline) car owners choose gasoline when the price of gas is 20% above that of ethanol...
-
Data Analytics at HydroHappy Excel DA9.1 Data visualization can be used to analyze trends in production levels. HydroHappy has developed a new marketing plan that looks very promising for increased...
-
Doug Davidson, majority stockholder and president of Davidson, Inc., is working with his top managers on future plans for the company. As the company's managerial accountant, you've been asked to...
-
Question 3 6 pts Miliea Industries uses a perpetual inventory system. On May 1, beginning inventory consists of 10 items at a cost of $10 each. On May 3, 10 items are purchased at $12 each. On May 8,...
Study smarter with the SolutionInn App