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

Answer:a

Step-by-step explanation:

Answer 2

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

Step-by-step explanation:

President Carter’s Community Reinvestment Act happened in a bid to have a increase of the money of the low income and mid income household back in the banking system through a system of loans and to allow them also to get more capital for less amount of taxation and interest.

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

This helped get more capital into the banks and also allowed the people to get the loans they needed for less interest.