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A day in old Rome

Note 125 — Chapter XII · ECONOMIC LIFE OF ROME: I. BANKING, SHOPS, AND INNS

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12 per cent (one per cent per month) was the lawful and normal rate of interest. Greater interest could be demanded on risky ventures, especially those by sea. Rates of 36 and 48 per cent, heard of under the Later Republic, were excessive, and usually unlawful.

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