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The Thrift Industry Prospered During the Period from the 1930s

Question 71

Multiple Choice

The thrift industry prospered during the period from the 1930s to the 1960s because


A) there was very little government regulation of the industry.
B) interest rates were continually increasing, but inflation rates were low.
C) interest rates were stable and regulation limited interest payments to depositors.
D) banks were prohibited from engaging in mortgage lending.

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