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    Financial Markets and Institutions Study Set 1
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    Exam 26: Savings Associations and Credit Unions
  5. Question
    The Congressionally Imposed Cap on the Interest Rate That S&Ls
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The Congressionally Imposed Cap on the Interest Rate That S&Ls

Question 7

Question 7

True/False

The congressionally imposed cap on the interest rate that S&Ls could pay on savings accounts became a serious problem for them in the 1970s when inflation rose.

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