- of 1 point End of Section 11.1.2 3 tries left Which of the following statements explains the situation in late the 1970s and early 1980s? A. There was rapid expansion of the banking industry. B. Inflation pushed short-term interest rates above the level that banks could legally pay. C. There was no commercial bank interest-rate ceiling. D. Investors pulled their money out of money markets and put it into banks