The statements regarding savings and loans (S&Ls) are all true EXCEPT S&Ls are not covered by federal deposit insurance. S&Ls are deposit-taking financial institutions. During the 1970s, inflation made savers less willing to deposit their money in S&Ls. Because of the troubles that S&Ls experienced in the 1970s, Congress loosened regulations on S&Ls. During the real estate boom in the 1970s and 1980s, S&Ls took on more risky loans.

During the real estate boom in the 1970s and 1980s, S&Ls took on more risky loans.

Explanation:

During the 1980s and early 1990s, 1,043 out of the 3,234 savings and loan associations were closed in the US. Since savings rates decreased during the 1970s, and the interest rates increased, many institutions ran out of capital and couldn't continue to operate. All the other options were true:

S&Ls are not covered by federal deposit insurance. TRUE, THEY ARE COVERED BY THE FEDERAL GOVERNMENT.S&Ls are deposit-taking financial institutions. TRUE, THAT IS WHY THEY ARE CALLED SAVINGS AND LOANS ASSOCIATIONS. During the 1970s, inflation made savers less willing to deposit their money in S&Ls. TRUE, HIGH INFLATION REDUCES THE AMOUNT OF MONEY SAVED IN BANKS, S&Ls AND BASICALLY EVERYWHERE ELSE. Because of the troubles that S&Ls experienced in the 1970s, Congress loosened regulations on S&Ls. TRUE, REGULATIONS WERE VERY LAX AND FRAUD WAS ALSO VERY COMMON BACK THEN.

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