Usury laws place a ceiling on interest rates that lenders such as banks can charge borrowers. Why

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Usury laws place a ceiling on interest rates that lenders such as banks can charge borrowers. Why would we expect low-income households in states with usury laws to have significantly lower levels of consumer credit (loans) than comparable house-holds in states without usury laws?

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Managerial Economics and Strategy

ISBN: 978-0321566447

1st edition

Authors: Jeffrey M. Perloff, James A. Brander

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