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The state of New York enacts a usury statute. With respect to different types of transactions, including ordinary loans, the purpose of the statute is
The state of New York enacts a usury statute. With respect to different types of transactions, including ordinary loans, the purpose of the statute is to
a
regulate certain forms of gambling.
b
set a maximum rate of interest.
c
prohibit certain contracts based on their subject matter.
d
specify clauses that must be included in certain contracts.
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