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Question
the community reinvestment act of 1977 succeeded in
reducing discrimination against banks.
helping to improve the economy.
reducing discrimination against borrowers.
lowering interest rates charged by banks.
Brief Explanations
The Community Reinvestment Act of 1977 was enacted to address redlining and other discriminatory lending practices, requiring banks to meet the credit needs of the low- and moderate-income communities they serve, thus reducing discrimination against these borrowers.
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reducing discrimination against borrowers.