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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 :

Answer:

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

Explanation:l

Answer:

Option A

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

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