Which of the Following Statements About the Community Reinvestment Act

question 10

Multiple Choice

Which of the following statements about the Community Reinvestment Act of 1977 is false?

• A)The Community Reinvestment Act is enforced through the denial of bank mergers.
• B)The act encourages banks to discover community needs, create services needed by the community, participate in government-insured lending programs, train employees to be responsive to requirements of the Community Reinvestment Act, and market services directly to low- and moderate-income groups.
• C)The Community Reinvestment Act provides benefits to minority and lower income communities but not to financial intermediaries.
• D)The purpose of the Community Reinvestment Act is to increase the availability of credit to economically disadvantaged areas.

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Definitions:

Silence

The absence of sound or the state of being quiet; can also imply non-communication or refusal to speak in the context of social interactions.

Work Stress

Stress experienced due to job-related factors including deadlines, workload, interpersonal relationships, and job security.

Psychological Safety

A belief that one can speak up or take risks without fear of negative consequences to self-image, status, or career in a particular setting.

Grapevine

Informal channels of communication within an organization, often characterized by rumors and unofficial information.