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AssignmentMultiple Select

A New Revolution

Question 2 • EAP-Virginia and US History A CR

Which of the following was an effect of the growth of the banking and finance industries?

Answer
A
It became harder for corporations to raise money to expand their businesses.
B
It created more middle-class jobs.
C
Fewer corporations were formed.

Explanation

As banking and finance expanded, banks and financial firms needed more employees for work such as managing accounts, processing loans, and handling investments. This created more middle-class jobs. The growth of these industries generally made it easier—not harder—for corporations to raise money, so A and C are not effects.

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