What Was the Outcome of the Reagan Administration's Decision to Deregulate

question 49

Multiple Choice

What was the outcome of the Reagan administration's decision to deregulate the banking industry?

• A) Savings and loan institutions' financial position was strengthened dramatically.
• B) A crisis in the savings and loan industry occurred,placing an added burden on taxpayers.
• C) Nearly all American savings and loan institutions declared bankruptcy.
• D) A flurry of mergers and bankruptcies left the country with just five major banks.

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