5
QuizMultiple Choice

The Late 20th Century — Test

Question 5 • US History Studies Since 1877

The Community Reinvestment Act of 1977 succeeded in

Answer
A
helping to improve the economy.
B
reducing discrimination against banks.
C
lowering interest rates charged by banks.
D
reducing discrimination against borrowers.

Explanation

The Community Reinvestment Act encouraged banks to serve the credit needs of the communities where they operated, including low- and moderate-income neighborhoods. This helped address discriminatory lending practices, such as redlining, so the correct choice is reducing discrimination against borrowers.

AI-written and checked against the verified answer.

Previous
Next