What statement is true of the Federal Housing Administration a The FHA gave

Question

What statement is true of the Federal Housing Administration?

a. The FHA gave loans directly to home buyers.

b. The FHA issued short-term money for renters.

c. Under FHA guidance, expensive homes were built.

d. The FHA insured long-term mortgages issued by private banks.

e. The FHA focused on renting apartments rather than home purchases.

ANS: D TOP: The First New Deal DIF: Moderate

REF: Full p. 814 | Seagull p. 829 MSC: Understanding

OBJ: 1. Explain the major policy initiatives of the New Deal in the Hundred Days.

Answer

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