7
QuizMultiple Choice

Bush and Clinton — Unit test

Question 7 • EAP-Virginia and US History B CR

The Savings and Loan Crisis in the 1980s was a result of

Answer
t
the cost of the military.
t
the federal budget surplus.
t
the number of new taxes.
t
the number of failing banks.

Explanation

The Savings and Loan Crisis involved widespread failures of savings and loan institutions, many of which had made risky investments and loans. The large number of failing banks and savings institutions was a key part of the crisis. Military spending, a federal budget surplus, and new taxes were not its cause.

AI-written and checked against the verified answer.

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