Congress passed a law effective in October 2007 which:
A. placed a 36 percent maximum of payday loans.
B. placed a 36 percent maximum of payday loans made to active duty personnel and their families.
C. released all restrictions on interest rates charged by payday loan companies.
D. restricted payday loan companies from operating in 15 states.
B. placed a 36 percent maximum of payday loans made to active duty personnel and their families.
You might also like to view...
Suppose that the marginal propensity to save (MPS) equals 0.8. The value of the multiplier would be
A) 0.2. B) 0.8. C) 1.25. D) 5.0.
The account that shows international transactions involving currently produced goods and services is called the
A) trade balance. B) current account. C) balance of payments. D) capital account.
The U.S. economy is relatively closed in terms of economic activity related to exports and imports
a. True b. False Indicate whether the statement is true or false
Based on the following graph, if the price of X is $7.50 per unit, how many units of X will a utility-maximizing consumer choose?
The consumer's income is $600.
A. 30 B. 50 C. 35 D. 25 E. none of the above