Question

The statements regarding savings and loans (S&Ls) are all true EXCEPT:

S&Ls are not covered by federal deposit insurance. S&Ls are deposit-taking financial institutions.
During the 1970s, inflation made savers less willing to deposit their money in S&Ls.
Because of the troubles that S&Ls experienced in the 1970s, Congress loosened regulations on S&Ls.
During the real estate boom in the 1970s and 1980s, S&Ls took on more risky loans.

Answer 1

A) S&L's are not covered by federal deposit insurance.

Step-by-step explanation:

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