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# Saine savings banks have to use short term deposits to

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Manager
Joined: 12 Jul 2003
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Saine savings banks have to use short term deposits to [#permalink]

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03 Jun 2005, 13:03
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Saine savings banks have to use short term deposits to finance long term fixed-rate mortgage loans, they sometimes lose money [u]when there is a rise in short term rates and on the other hand, they are unable to raise [/u]the rates on their mortgages.

a)
b)when short -term rates rise and they are unable to raise
c)when a raise 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

Best.
Director
Joined: 18 Feb 2005
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03 Jun 2005, 21:06
HIMALAYA wrote:
I go with B.

Isnt "they" in option B having antecedent problems??
SVP
Joined: 05 Apr 2005
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03 Jun 2005, 21:22
gmat2me2 wrote:
HIMALAYA wrote:
I go with B.

Isnt "they" in option B having antecedent problems??

we already have they. lets see:

Saine 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.
Senior Manager
Joined: 17 Apr 2005
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Location: India
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03 Jun 2005, 23:31
doloris wrote:
Saine 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.

a)
b)when short -term rates rise and they are unable to raise
c)when a raise 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

Best.

I vote for B.

A - verbose , "on the other hand"
C - passive
D and E - sometimes lost money "with" won't work,when should.

HMTG.
Re: SC-savings   [#permalink] 03 Jun 2005, 23:31
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# Saine savings banks have to use short term deposits to

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