> Although these financial services were necessary for starting a business, almost all Romans would have engaged in credit.[65] Most credit arrangements lasted a month, with an interest rate of 1% (per month).[60] The Romans believed that anyone involved in trade should use credit.[61]
Interesting. Wonder what they'd think of the interest rate on different kinds of credit today.
> Loan defaults carried severe penalties, as their borrowers could be enslaved, mutilated, or sued.[68]
CONLOQVIVM
CONLOQVIVM