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Do you think the interest on payday loans is too high or just right? Should Christians charge poor people interest on loans?
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"Now in case a countryman of yours becomes poor and his means with regard to you falter, then you are to sustain him, like a stranger or a sojourner, that he may live with you. Do not take usurious interest from him, but revere your God, that your countryman may live with you.
You shall not give him your silver at interest, nor your food for gain" (Leviticus 25:35-37, NIV).
Search the internet for "Microloans" or "Microcredit" and review the interest charged on these loans.
This document contains various important questions and their appropriate answers in the subject field of Economics.
Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.
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The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.
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