Which of the following statements are true of the savings and loan crisis of the 1980s and early 1990s? Check all that apply. After the Monetary Control Act of 1980, interest rates on short-term deposits decreased. During the crisis, savings and loan associations (S&Ls) sought more long-term home mortgage loans. Ultimately, taxpayers benefited from the federal bailout of the failed institutions. The Federal Savings and Loan Insurance Corporation (FSLIC) did not have enough funds to cover the losses.
Which of the following statements are true of the savings and loan crisis of the 1980s and early 1990s? Check all that apply. After the Monetary Control Act of 1980, interest rates on short-term deposits decreased. During the crisis, savings and loan associations (S&Ls) sought more long-term home mortgage loans. Ultimately, taxpayers benefited from the federal bailout of the failed institutions. The Federal Savings and Loan Insurance Corporation (FSLIC) did not have enough funds to cover the losses.
Macroeconomics: Principles and Policy (MindTap Course List)
13th Edition
ISBN:9781305280601
Author:William J. Baumol, Alan S. Blinder
Publisher:William J. Baumol, Alan S. Blinder
Chapter13: Monetary Policy: Conventional And Unconventional
Section: Chapter Questions
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![Which of the following statements are true of the savings and loan crisis of the 1980s and early 1990s? Check all that apply.
O After the Monetary Control Act of 1980, interest rates on short-term deposits decreased.
During the crisis, savings and loan associations (S&Ls) sought more long-term home mortgage loans.
O Ultimately, taxpayers benefited from the federal bailout of the failed institutions.
The Federal Savings and Loan Insurance Corporation (FSLIC) did not have enough funds to cover the losses.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F263acbce-38fa-4709-98a2-4a62e1170ee8%2Fc0c574fc-884d-4055-9bf2-96901022a519%2Fkr2bda4_processed.png&w=3840&q=75)
Transcribed Image Text:Which of the following statements are true of the savings and loan crisis of the 1980s and early 1990s? Check all that apply.
O After the Monetary Control Act of 1980, interest rates on short-term deposits decreased.
During the crisis, savings and loan associations (S&Ls) sought more long-term home mortgage loans.
O Ultimately, taxpayers benefited from the federal bailout of the failed institutions.
The Federal Savings and Loan Insurance Corporation (FSLIC) did not have enough funds to cover the losses.
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