what-was-a-direct-consequence-of-high-inflation-in-the-1970s-on-savings-and-loan

Question

What was a direct consequence of high inflation in the 1970s on savings and loan banks?

Accepted Answer

Depositors withdrew funds in search of higher interest rates elsewhere.

Answer

Savings and loan banks were unaffected by inflation.

Answer

Savings and loan banks experienced increased profitability.

Answer

Depositors increased their savings in savings and loan banks.