In the late 1970s, savings and loans institutions were in financial trouble because they
A) had to pay high interest rates to attract depositors, but were earning low interest rates from past investments.
B) had to pay low interest rates to attract depositors, but were earning low interest rates from past investments.
C) had to pay high interest rates to attract depositors, but were earning high interest rates from past investments.
D) had to pay low interest rates to attract depositors, but were earning high interest rates from past investments.
Correct Answer:
Verified
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