The Community Reinvestment Act (CRA)was Passed in 1977 to Encourage

question 52

Multiple Choice

The Community Reinvestment Act (CRA) was passed in 1977 to encourage financial institutions to_________________________.It was revised in 1995 to ____________ the percentage of mortgage loans going to low- and moderate-income borrowers.

• A)lend to only the most qualified borrowers;increase
• B)meet the needs of borrowers in all segments of their communities;decrease
• C)meet the needs of borrowers in all segments of their communities;increase
• D)lend to only the most qualified borrowers;decrease

Identify factors leading to economic growth and shifts in the PPF.

Assess how societal values and resource limitations influence economic choices and trade-offs.

Explain how increasing returns to scale in agriculture and shifts in societal roles influence economic outcomes.

Understand the roles and duties of an agent to the principal.