What was the Community Reinvestment Act of 1977?

A law taxing communities and giving that money to banks

A law that gave money to people in low-income areas

A law that encouraged bank lending in low-income areas

A law taxing banks and lending that money to low-income people

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History

Roderick Russo

10 June, 01:39

What was the Community Reinvestment Act of 1977?

A law taxing communities and giving that money to banks

A law that gave money to people in low-income areas

A law that encouraged bank lending in low-income areas

A law taxing banks and lending that money to low-income people

+1

Answers (2)

Know the Answer?

Kaiya Snow · Answer 1

The answer from the choices is a law that encouraged bank lending in low-income areas.

Zoey Sparks · Answer 2

A law that encouraged bank lending in low-income areas.

Explanation:

The Community Reinvestment Act of 1977 was a law that encouraged bank lending in low-income areas.

What was the Community Reinvestment Act of 1977?A law taxing communities and giving that money to banksA law that gave money to people in low-income areasA law that encouraged bank lending in low-income areasA law taxing banks and lending that money to low-income people

What was the Community Reinvestment Act of 1977?

A law taxing communities and giving that money to banks

A law that gave money to people in low-income areas

A law that encouraged bank lending in low-income areas

A law taxing banks and lending that money to low-income people