The goal of the Community Reinvestment Act is to ensure credit availability in all communities regardless of wealth. Which option best completes this statement?

• A. Regulate banks
• B. Promote investment in urban centers
• C. Ensure credit availability in all communities regardless of wealth
• D. Increase mortgage insurance requirements

Answer: (C)

The Community Reinvestment Act aims to ensure that financial institutions serve all communities, including low- and moderate-income areas, by making credit available to residents and businesses. That focus on broad access to loans and banking services is why the choice stating that credit should be available in all communities regardless of wealth is the best fit. The CRA isn’t about regulating banks as its primary goal, nor is it about promoting investment only in urban centers, and it doesn’t set mortgage insurance requirements. The core idea is to expand access to credit across diverse communities.