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The Community Reinvestment Act of 1977 was intended to do which of the following? O A. Encourage American corporations to reverse the trend toward outsourcing B. Provide funds to help rebuild the nation's crumbling infrastructure C. Help low-income Americans attain homeownership D. Reduce the debt load of city and county governments

The Community Reinvestment Act of 1977 was intended to do which of the following O A Encourage American corporations to reverse the trend toward outsourcing B P class=

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02-03-2022

Answer:

C.) Help low-income Americans attain homeownership

Explanation:

The Community Reinvestment Act (CRA), enacted in 1977, requires the Federal Reserve and other federal banking regulators to encourage financial institutions to help meet the credit needs of the communities in which they do business, including low- and moderate-income (LMI) neighborhoods. I hope I helped! ^-^

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