The Secret History of the Credit Card From PBS Frontline Series http://www.pbs.org/wgbh/pages/frontline/shows/credit/view/ Be sure to fully respond to each question. You will submit your responses as an attachment in Word through Blackboard. Be sure to number each question. As always, spelling and grammar count. All answers must be in the form of complete sentences and must address all components of the questions in their entirety. Segment 1: Over a Thousand Miles from Wall Street... 1. What is the main purpose of a usury law? Be specific. 2. Why did South Dakota decide to eliminate its cap on interest rates? 3. Why were the usury laws strangling the banking industry? Be specific. 4. Why did Citibank move to South Dakota? 5. In the Citibank example, how did Citi use existing laws to alter its business mode? 6. What was the underlying basis of the Marquette Bank decision? Deliverable: You will submit a grammatically correct, double-spaced, three page word processed document. Your grade will be based on the following: >Organization - 15% > Spelling and grammar - 15% Content - 70%