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During the Early 1980s, the Federal Government Responded to the Severe

Question 244

Multiple Choice

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.

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