8
QuizMultiple Choice

Private Financial Institutions

Question 8 • FL-2106010-M/J Civics B

During the 1980s and early 1990s, over 1,000 __________ failed, causing a financial crisis.

Answer
A
banks
B
credit unions
C
finance companies
D
savings and loans

Explanation

More than 1,000 savings and loan institutions failed during the 1980s and early 1990s, contributing to the savings and loan crisis. Therefore, the best answer is savings and loans.

AI-written and checked against the verified answer.

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