Which Is the Most Accurate Statement

question 254

Multiple Choice

Which is the most accurate statement?

• A)The savings and loan associations got into financial hot water in the early 1980s partially because of the low-interest fixed rate mortgages they had given out in the 1950s and 1960s.
• B)There are more savings and loan associations operating today than there were in the early 1980s.
• C)The savings and loan associations began making very risky loans in the late 1960s.
• D)If criminals had not gained control of most savings and loan associations in the early 1980s,very few of them would have faileD.

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Definitions:

Economic Decision

A choice made by individuals, businesses, or governments that involves the allocation of resources, considering the costs and benefits to optimize outcomes.

Surpluses and Shortages

Conditions where the quantity of a good or service exceeds or falls short of the quantity demanded at a given price.

Competitive Behavior

Actions taken by businesses aimed at gaining an advantage over rivals in the market, often through pricing, innovation, or marketing strategies.

Economic Choice

The decision made by individuals or organizations regarding the allocation of resources or the selection among alternate goods and services.