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.

The correct answer is A. Encouraged banks to lend in low - and moderate-income areas.

Explanation:

The Community Reinvestment Act was an act approved in 1977 by President Jimmy Carter. In this, banks and similar institutions were encouraged to invest and lend money to all sectors in society including people with moderate and low incomes rather than only those with high incomes. The main purpose of this was to reduce discrimination in loans and guarantee everyone could get a credit. This also implied banks were often evaluated to check if they had integrated the principles of the act. According to this, it can be concluded President Carters Community Reinvestment Act mainly "encouraged banks to lend in low - and moderate-income areas".

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