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# Since 1980, when the Depository Institutions Deregulation

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VP
Joined: 07 Nov 2005
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Since 1980, when the Depository Institutions Deregulation [#permalink]

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18 Apr 2006, 22:16
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Since 1980, when the Depository Institutions Deregulation act allowed interest rates for checking and savings accounts to be determined by how the market is rather than by what the government edict says, nearly all banks paid considerably higher rates than they had prior to the Act's passing.

a) interest rates for checking and savings accounts to be determined by how the market is rather than by what the government edict says, nearly all banks

b) interest rates for checking and savings accounts to be based on the performance of the market rather than the government edict , nearly all banks

c) that interest rates for checking and saving accounts be determined on how the market is rather than government edict, nearly all banks have

d) interest rates for checking and saving accounts to be based on the market rather than government edict , nearly all banks have

e) that interest rates for checking and saving accounts be based on the market rather than government edict, nearly all banks

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Director
Joined: 13 Nov 2003
Posts: 788

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Location: BULGARIA

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19 Apr 2006, 00:13
Hallo,
I am hesitating between B and D. What inclines me toward D is present perfect. The action that started in 1980 continues in the present.Additionally,allowed, IMO, should be followed by 'to". Think that it is D
may be i am wrong

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VP
Joined: 21 Sep 2003
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Location: USA

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19 Apr 2006, 00:36
My pick also is D for
- present perfect tense necessary to describe the sequence of events from 1980
-more concise and clear
_________________

"To dream anything that you want to dream, that is the beauty of the human mind. To do anything that you want to do, that is the strength of the human will. To trust yourself, to test your limits, that is the courage to succeed."

- Bernard Edmonds

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Intern
Joined: 07 Apr 2006
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19 Apr 2006, 01:27
hi frnds

as far as tense is considered B and D both have pres. perfect the diff is

depends on performance of market
depends on market

i think it is performance of market

and other diff is savings accounts /saving account in which i have a doubt

plz clarify
_________________

go,get it........

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Manager
Joined: 28 Dec 2005
Posts: 117

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19 Apr 2006, 02:36
I pick B because "banks paid" which is the simple past because the act of paying higher interest rates is a action that is done and over with prior to the act. Anyone else disagree? I am looking to improve my SC hence the reason I am here

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VP
Joined: 29 Apr 2003
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19 Apr 2006, 05:47
Agree with D to...
Forst it is more concise and secondly 'have' shud be there, cos it started in the past and continues in the present!

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Director
Joined: 27 Feb 2006
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19 Apr 2006, 14:08
^ D ^

Since 1980, when the Depository Institutions Deregulation act allowed interest rates for checking and saving accounts to be based on the market rather than government edict , nearly all banks have paid considerably higher rates than they had prior to the Act's passing.

1) we need present perfect "have paid" because we have "since"

2) "allow ... to "

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Director
Joined: 26 Mar 2006
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19 Apr 2006, 18:39
'D' & 'B' are quite close except the 'have' at the end.

'D' seems to be right choice

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VP
Joined: 07 Nov 2005
Posts: 1115

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Location: India

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19 Apr 2006, 19:29
OA is D.

Good job BG. 'Since' indicates an action still continues hence we need 'have'

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19 Apr 2006, 19:29
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# Since 1980, when the Depository Institutions Deregulation

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