In a United States Banking Law Called the Community Development

question 48

True/False

In a United States banking law called the Community Development Act (CDA), all banks in the U.S. receive annual grades ("excellent," "satisfactory," or "unsatisfactory")from federal banking regulators based on their community reinvestment and CSR activities.

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Definitions:

Liberia

A country in West Africa known for being founded by freed American and Caribbean slaves in the 19th century.

Slavery

The condition in which individuals are owned by others, who control where they live and at what they work.

Public Life

Activities or roles held in the public sphere, outside of the private domain, involving governance, policy-making, or civic engagement.