In the 1980s, banks responded to the loss of loans to the commercial paper market by increasing loans to all the following except

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In the 1980s, banks shifted their lending practices in response to the loss of loans to the commercial paper market. They increased loans to less creditworthy businesses, commercial real estate, and less-developed countries, but not to large corporations, which were more likely to directly access the commercial paper market themselves.

In the 1980s, Banks Responded to the Loss of Loans