________________ is defined as "an unconscionable or exorbitant rate of interest."

Fill in the blank(s) with the appropriate word(s).

Usury

Economics

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Since World War II, the Federal Reserve has not been involved in carrying out monetary policy

Indicate whether the statement is true or false

Economics

A bond with no expiration has an original price of $10,000 and a fixed annual interest payment of $1,000. If the price of this bond increases by $2,500, the interest rate in effect will

A. decrease by 1 percentage point. B. increase by 1 percentage point. C. increase by 2 percentage points. D. decrease by 2 percentage points.

Economics