9. Historically, usury laws that put below-equilibrium ceilings on interest rates have been used by some states
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9. Historically, usury laws that put below-equilibrium ceilings on interest rates have been used by some states to make credit available to poor people who could not otherwise afford to borrow.
Critics contend that poor people are those most likely to be hurt by such laws. Which view is correct? LO18.5
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Related Book For
Microeconomics Principles, Problems, And Policies
ISBN: 9781259915727
21st Edition
Authors: Campbell McConnell
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