QUESTION IMAGE
Question
the aim of the federal home loan bank act was to
a. encourage new construction
b. make it easier for banks to foreclose on farms and homes
c. increase the value of homes and farms
d. prevent farmers and homeowners from losing their property
The Federal Home Loan Bank Act of 1932 was created during the Great Depression to stabilize the housing and farm lending market. It established a system to provide low-cost credit to banks and lenders, which in turn allowed them to offer more favorable terms to homeowners and farmers, helping them avoid losing their property to foreclosure. Options a, b, and c do not align with the core purpose of the act.
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d. prevent farmers and homeowners from losing their property