During the Early 1980s, the Federal Government Responded to the Severe

question 75

Multiple Choice

During the early 1980s, the federal government responded to the severe problems plaguing savings and loan associations by:

• A) allowing S&Ls to offer a variety of financial services that made them more like commercial banks.
• B) nationalizing the savings and loan industry, including more regulations.
• C) providing interest-free loans to S&Ls that were short on reserves.
• D) declaring a moratorium on S&L debt payments, and limiting the amount of funds depositors could withdraw from a S&L in any given 24-hour period.

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Definitions:

Horizontal Distance

The measurement of distance between two points along a straight line on the horizontal plane.

Consecutive Odd Integers

A sequence of odd numbers where each number is two more than the previous one.

Product

The result of multiplying two or more numbers together.

Inequality

A relation that holds between two values when they are different, represented by symbols that show if one value is less than, greater than, or not equal to another value.