Question

question
which of the following gives the definition of usury law?
select the correct answer below:
the common relationship that a higher price leads to a greater quantity supplied and a lower price leads to a lower quantity supplied.
the economic policies that involve government spending and taxes.
a law that imposes an upper limit on the interest rate that lenders can charge.
the government laws to regulate prices instead of letting market forces determine prices.

Explanation:

Usury law is specifically about setting a limit on the interest rate lenders can charge. The first option describes the law of supply. The second option refers to fiscal policy. The fourth option is about price - regulation laws in general. Only the third option correctly defines usury law as it pertains to interest rate limits.

Answer:

A law that imposes an upper limit on the interest rate that lenders can charge.