During the early 1980s, the federal government responded to the severe problems plaguing savings and loan associations by:
A) allowing S&Ls to offer a variety of financial services that made them more like commercial banks.
B) nationalizing the savings and loan industry, including more regulations.
C) providing interest-free loans to S&Ls that were short on reserves.
D) declaring a moratorium on S&L debt payments, and limiting the amount of funds depositors could withdraw from a S&L in any given 24-hour period.
Correct Answer:
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