Banks that are more likely to lend money to whites than to nonwhites and banks that charge higher mortgage rates to nonwhites are examples of:

Question

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Banks that exhibit discriminatory lending practices based on race are examples of present-day institutional racism. This type of discrimination is ongoing and perpetuates the persistent income inequality between whites and nonwhites. It is not solely a result of past or present-day wage inequalities, although those factors may contribute to the wealth gap.

Banks That Are More Likely to Lend Money to Whites