QuestionJune 20, 2025

What is the relationship between interest and usury?(5 points) Interest is charging money for a loan, which the Catholic church declared the sin of usury. A banker would be guilty of usury only if they charged unequal interest rates to different borrowers. Usury was considered unfairly high interest. Usury was the sin of failing to make promised interest payments.

What is the relationship between interest and usury?(5 points) Interest is charging money for a loan, which the Catholic church declared the sin of usury. A banker would be guilty of usury only if they charged unequal interest rates to different borrowers. Usury was considered unfairly high interest. Usury was the sin of failing to make promised interest payments.
What is the relationship between interest and usury?(5 points)
Interest is charging money for a loan, which the Catholic church declared the sin of usury.
A banker would be guilty of usury only if they charged unequal interest rates to different borrowers.
Usury was considered unfairly high interest.
Usury was the sin of failing to make promised interest payments.

Solution
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Answer

Usury is considered unfairly high interest, which contrasts with legitimate interest charged on loans. Explanation Interest refers to the cost of borrowing money, while usury specifically denotes charging excessively high interest rates. Historically, usury was condemned by religious institutions as exploitative, distinguishing it from fair lending practices.

Explanation

Interest refers to the cost of borrowing money, while usury specifically denotes charging excessively high interest rates. Historically, usury was condemned by religious institutions as exploitative, distinguishing it from fair lending practices.
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