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Usury laws are laws that set a price maximum in the financial capital markets. When is it a binding ceiling? A. it is always binding
Usury laws are laws that set a price maximum in the financial capital markets. When is it a binding ceiling? A. it is always binding B. the equilibrium interest rate is lower than the law permits C. the equilibrium interest rate is higher than the law permits D. it is never binding
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Microeconomics Theory and Applications
Authors: Edgar K. Browning, Mark A. Zupan
12th edition
9781118920060, 1118758870, 1118920066, 978-1118758878
