What is the effect of a usury law that limits the market interest rate if some potential

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What is the effect of a usury law that limits the market interest rate if some potential lenders, hoping that the authorities do not catch them, are still willing to loan money at illegally high rates?

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Microeconomics

ISBN: 978-0134519531

8th edition

Authors: Jeffrey M. Perloff

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Question Posted: Nov 12, 2018 07:42 AM

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What is the effect of a usury law that limits the market interest rate if some potential

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If usury laws make the lending of money at higher int...View the full answer

Microeconomics

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