ajit257 wrote:
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.
(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
If in C, 'There' was omitted,
Sentence would be :
when a rise in short-term rates occurs and, correspondingly, no rise is possible in
Would it be preferable to choose B or C then ?
Just trying to understand the logic behind it. I thought they(in B ) was referring to 'short-term rates'