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.

Explanation:

The Community Reinvestment Act (CRA) under President Carter was designed to address redlining and ensure financial institutions serve the credit needs of the low- and moderate-income communities where they operate, including providing lending services in these areas. The other options do not align with the core purpose of the CRA.

Answer:

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