The banking crisis of the 1980s was due,in part,to all of the following except one.Which is the exception?
A)the rising interest rates of the 1970s and early 1980s
B)the existence of deposit insurance
C)the deregulation of deposit rates that allowed unsafe banks to grow
D)the deregulation of lending practices
E)the highly concentrated U.S.banking industry,where big banks had branches in nearly every state

Question

Quizplus · Accepted Answer

The U.S. banking industry in the 1980s was not highly concentrated with big banks having branches in nearly every state; rather, it was characterized by a large number of smaller, regional banks.

The Banking Crisis of the 1980s Was Due,in Part,to All