Question

President Carter’s Community Reinvestment Act
encouraged banks to lend in low- and moderate-income areas.
encouraged the wealthy to take out more loans.
encouraged banks to charge more interest on loans.
encouraged the wealthy to invest in suburban areas.

Answer 1

encouraged banks to lend in low- and moderate-income areas.

The Community Reinvestment Act (1977) was intended to combat redlining by urging banks to help meet the credit needs of their entire communities, including low- and moderate-income neighborhoods.