A usury law is a law that sets the

A) federal funds rate.
B) maximum interest rate at which loans can be made.
C) spread between the prime rate of interest and credit card rates.
D) interest paid on 90-day Treasury bills and 30-year bonds of the U.S. government.

Usury Law

Legal regulations that cap the maximum interest rate that can be charged on loans, intended to protect consumers from excessively high rates.

Maximum Interest Rate

The highest rate of interest that can be charged on loans and credit products, often regulated by law to protect consumers from excessively high rates.

Federal Funds Rate

The interest rate that U.S. banks and other depository institutions charge one another on overnight loans made out of their excess reserves.