All of the following were consequences of the deregulation of finance in the U.S.EXCEPT
A) the formation of the World Bank and International Monetary Fund.
B) it increased competition in the banking industry.
C) bank transferred their assets to more high-risk/high-return opportunities.
D) because Savings and Loan institutions could now invest in commercial real estate, construction in the sector soared.
E) other entities besides banks could issue their own credit cards for the first time.

Question

Quizplus · Accepted Answer

The formation of the World Bank and International Monetary Fund was not a consequence of the deregulation of finance in the U.S. These institutions were established after World War II to promote international economic cooperation and development.

All of the Following Were Consequences of the Deregulation of Finance