Questions LLC
Login
or
Sign Up
Ask a New Question
Finance
Credit
Legal History
Banks got into the credit business before 1920 because charging exceptionally high interest rates was legal.
False
True
1 answer
True
You can
ask a new question
or
answer this question
.
Related Questions
Why is your credit score important? Select all that apply.
(1 point) Responses Banks use it to determine whether you qualify for
Which type of bank generally has the lowest operating costs?
-retail banks -commercial banks -credit unions -online banks
Why is there a difference between interest charging interest earned A banks or nonprofit institutions be banks are profit-making
Which type of bank generally has the lowest operating costs?
(1 point) Responses retail banks retail banks commercial banks
Why is it that the reward for capital is interest? I don't get how the business is rewarded interest, isn't it the banks?
A business regularly extends credit to customers for large purchases with a standard interest rate of 5 percent. There is also a
A business regularly extends credit to customers for large purchases with a standard interest rate of 5 percent. There is also a
What are some of the advantages to using a credit union over a traditional bank?
Credit unions have lower interest rates on loans
How do credit companies or banks earn a profit when they loan money?
Responses A by selling stockby selling stock B by taxing
Write two paragraphs about how interest rates affect our purchasing decisions.
High interest rates make us stop and think, do we
