Before the 1970s,bankers were happy with interest-rate ceilings because those ceilings:
A)reduced interest-rate competition for deposits among banks.
B)guaranteed them high profits.
C)guaranteed them a minimum profit.
D)enabled them to expand into other lines of commerce.
E)allowed them to hold corporate stock.

Question

Quizplus · Accepted Answer

Before the 1970s, interest-rate ceilings reduced competition among banks for deposits by limiting how much interest banks could offer, making the banking environment more predictable and stable for them.

Before the 1970s,bankers Were Happy with Interest-Rate Ceilings Because Those