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Why Were Many Building & Loan Associations Organized Along Ethnic

Question 6

Multiple Choice

Why were many Building & Loan associations organized along ethnic lines?


A) Many immigrants  preferred to save their money in institutions that lent money to people who were like them.
B) Building & Loan associations reminded immigrants of home.
C) More than other people, immigrants had problems repaying loans.
D) Building & Loan associations did not allow immigrants from other ethnic groups to join.

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