The Federal Reserve is empowered to encourage depository institutions to help meet the needs of communities for housing and other purposes:
A. through the Community Reinvestment Act
B. through the Truth in Lending Act
C. by a provision of the Fair Housing Act
D. by strictly enforcing usury laws setting maximum interest rates
Answer:A
The Federal Reserve is empowered to encourage depository institutions to help meet the needs of communities for housing and other purposes:
A. through the Community Reinvestment Act B. through the Truth in Lending Act C. by a provision of the Fair Housing Act D. by strictly enforcing usury laws setting maximum interest rates