The purpose of deregulating banks during the 1980s was to _____
A) eliminate the risks that banks incurred.
B) allow banks to compete with other financial institutions.
C) allow U.S. banks to compete with foreign banks.
D) help consumers earn more interest.
E) decrease the cost of banking regulation.

Question

Quizplus · Accepted Answer

The purpose of deregulating banks during the 1980s was to allow banks to compete with other financial institutions. It was believed that this would lead to increased efficiency and innovation in the banking industry.

The Purpose of Deregulating Banks During the 1980s Was to _____