A strong argument can be made that the collapse of the U.S. savings and loan industry began when:
A)the inflation rates in the U.S.began rising rapidly.
B)the volatility of interest rates increased significantly.
C)fluctuating commodity prices became the norm.
D)the Bretton Woods accord became effective.
E)the Federal Reserve began controlling the market rate of interest.

Question

Quizplus · Accepted Answer

The volatility of interest rates increased significantly in the 1970s due to the dismantling of regulations that had previously limited interest rate fluctuations. This led to many savings and loan associations investing in risky ventures to increase profits, which ultimately resulted in their collapse.

A Strong Argument Can Be Made That the Collapse of the U.S