Repealing Regulation Q still left savings-and-loan associations with a problem: most of their __________ were still at __________ interest rates.

Question

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Repealing Regulation Q allowed savings-and-loan associations to offer higher interest rates on deposits, but their assets, primarily long-term fixed-rate mortgages, remained at low interest rates, creating a mismatch between the cost of their deposits and the income from their assets.

Repealing Regulation Q Still Left Savings-And-Loan Associations with a Problem