Multiple Choice
Why was the deposit interest rate ceiling for S&Ls higher than the ceiling for commercial banks?
A) to encourage lending to small businesses
B) to discourage commercial banks from borrowing short term in order to finance long-term mortgage loans
C) to encourage savings in S&Ls that could then be used to make mortgage loans
D) because S&Ls were not as safe as banks
Correct Answer:
Verified
Correct Answer:
Verified
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