Post Utme Uniport 2024 Commerce Question 10

Practice objective / multiple choice question 10 from the 2024 Post Utme Uniport Commerce examination.

Post Utme Uniport 2024 Commerce Objective / Multiple Choice
Question 10 POST_UTME_UNIPORT • 2024 • COMMERCE • objective

A consumer protection agency has received a complaint from a customer who was charged an excessive interest rate on a loan. The customer claims that the interest rate is unfair and excessive. Using the concept of usury, determine whether the interest rate charged by the lender is excessive.

Answer Options

Correct Answer A. Excessive
B. Fair
C. Usurious
D. Unfair
Correct Answer
A
Correct Option:
Excessive

About This Question

This is Post Utme Uniport 2024 Commerce Question 10. It is one of the objective questions from the 2024 Post Utme Uniport Commerce examination.

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