Savings and loans were very profitable in the 1970s because investors withdrew their funds from low-interest-paying money market accounts and invested them in high-interest-paying accounts at thrifts.

Question

Quizplus · Accepted Answer

Savings and loans were profitable in the 1970s due to high interest rates on loans compared to the lower rates they paid on deposits, not because investors withdrew from money market accounts.

Savings and Loans Were Very Profitable in the 1970s Because