The social constraints imposed on banks are:
A) exemplified by the Community Reinvestment Act
B) due to the historical position of the bank as the core of the financial system
C) regulated by the federal reserve bank
D) regulated by the FDIC

Question

Quizplus · Accepted Answer

The Community Reinvestment Act (CRA) is a clear example of a social constraint imposed on banks, requiring them to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods.

The Social Constraints Imposed on Banks Are