Question 4 • United States History and Geography
The Community Reinvestment Act, signed by President Carter in 1977, encouraged banks to help meet the credit needs of the communities where they operated, including low- and moderate-income neighborhoods. It did not specifically encourage wealthy people to borrow or invest, or tell banks to charge higher interest rates. Therefore, the correct choice is “encouraged banks to lend in low- and moderate-income areas.”
AI-written and checked against the verified answer.