5
QuizMultiple Choice

The Economy in the 1970s

Question 5 • U.S. History 2026 - 3311 B

President Carter’s Community Reinvestment Act

Answer
A
encouraged banks to lend in low- and moderate-income areas.
B
encouraged the wealthy to take out more loans.
C
encouraged banks to charge more interest on loans.
D
encouraged the wealthy to invest in suburban areas.

Explanation

The Community Reinvestment Act of 1977 encouraged banks to meet the credit needs of the communities where they operated, including low- and moderate-income neighborhoods. It did not promote higher interest rates or specifically encourage wealthy borrowers or suburban investment. Therefore, the correct choice is “encouraged banks to lend in low- and moderate-income areas.”

AI-written and checked against the verified answer.

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