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Answer to Question #121524 in Economics for mehroz

Question #121524
If a federal interest rate was imposed by the Government 30% ceiling on all loans that would be earned and who will they lose?
1
Expert's answer
2020-06-12T12:01:35-0400

If a federal interest rate was imposed by the Government 30% ceiling on all loans that would be earned, then they will lose those lenders, that aren't ready to lend money at 30% lower interest rate.


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