Why Was the Deposit Interest Rate Ceiling for S&Ls Higher

question 13

Multiple Choice

Why was the deposit interest rate ceiling for S&Ls higher than the ceiling for commercial banks?

• A)to encourage lending to small businesses
• B)to discourage commercial banks from borrowing short term in order to finance long-term mortgage loans
• C)to encourage savings in S&Ls that could then be used to make mortgage loans
• D)because S&Ls were not as safe as banks

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Definitions:

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A British writer best known for creating the fictional detective Sherlock Holmes, a seminal figure in crime fiction.

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An official record book maintained on board ships, noting important events, navigational data, and management details of voyages.

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A record book used on ships to detail voyages, including locations visited, weather conditions, and daily occurrences.

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