Since savings banks have to use short-term deposits to : GMAT Sentence Correction (SC)
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# Since savings banks have to use short-term deposits to

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Senior Manager
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Since savings banks have to use short-term deposits to [#permalink]

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02 Oct 2003, 09:04
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Since savings banks have to use short-term deposits to finance long-term fixed-rate mortgage loans, they sometimes lose money when there is a rise in short-term rates and, on the other hand, they are unable to raise the rates on their mortgages.

Edited for clarity

(A) when there is a rise in short-term rates and, on
the other hand, they are unable to raise
(B) when short-term rates rise and they are unable to raise
(C) when a rise in short-term rates occurs and,
correspondingly, there is no rise possible in
(D) with a rise in short-term rates, and they are
unable to raise
(E) with short-term rates on the rise and no rise
possible in
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02 Oct 2003, 09:10
i would say B...

everything else is really clumsy....
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26 Aug 2006, 07:46
(B) when short-term rates rise and they are unable to raise

Pretty clear...
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