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QuizMultiple Choice

The Eighties and the Nineties

Question 1 • OK-Oklahoma History -CA- 37411A

In the 1980s, banks lent money to high-risk borrowers, such as ranchers, farmers, and __________.

Answer
A
oilmen
B
technological innovators
C
politicians
D
factory workers

Explanation

Banks also lent heavily to oilmen during the 1980s, when energy prices and the oil industry’s fortunes were volatile. Oilmen, like ranchers and farmers, could be considered high-risk borrowers because their income depended on unpredictable market conditions. The correct choice is oilmen.

AI-written and checked against the verified answer.

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