Question

What was the intention of

the Federal Home Loan
Bank Act?
A. Lower the rate of
homelessness in the US
B. Encourage businesses to
open
C. Raise money for the
federal government
D. Employee more
Americans

Answer 1

Option A

Step-by-step explanation:

• The main intention was to extend mortgage loans to customers
• Which would encourage the homeownership increase
• Which would lower the homelessness

So option A is correct

Answer 2

encourage homeownership by providing a source of low-cost funds for member banks to use in extending mortgage loans to consumers

Explanation:l