2. banks got into the credit business before 1920 because charging exceptionally high interest rates was…

2. banks got into the credit business before 1920 because charging exceptionally high interest rates was legal. true false

2. banks got into the credit business before 1920 because charging exceptionally high interest rates was legal. true false

Answer

Brief Explanations:

Before 1920, usury laws in many places restricted how high - interest rates could be. Charging exceptionally high interest rates was often illegal, not legal.

Answer:

False