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What is the relationship between interest and usury? (5 points) Interest is charging money for a loan, which the Catholic church declared the sin of
What is the relationship between interest and usury? (5 points) Interest is charging money for a loan, which the Catholic church declared the sin of usury. A banker would be guilty of usury only if they charged unequal interest rates to different borrowers. Usury was considered unfairly high interest. Usury was the sin of failing to make promised interest payments
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Managerial Economics
Authors: Mark Hirschey
14th edition
9781473709263, 1473709261, 1473717343, 1473717345, 978-1305506381
