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Since savings banks have to use short-term deposits to finance long-te
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penco
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Since savings banks have to use short-term deposits to finance long-te [#permalink] New post  18 Jan 2021, 02:52
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' :dazed
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EducationAisle
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Re: Since savings banks have to use short-term deposits to finance long-te [#permalink] New post  18 Jan 2021, 03:04
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penco wrote:
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 ?

Hi penco, the main issue with C is that the agent of action (the doer of raise) is not explicitly mentioned. This continues to be the case in your modified option as well.

Quote:
Just trying to understand the logic behind it. I thought they(in B ) was referring to 'short-term rates' :dazed

Agree that there is some ambiguity associated with they. However, please note that pronoun ambiguity should generally not be a reason to eliminate an option.
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Re: Since savings banks have to use short-term deposits to finance long-te [#permalink] New post  18 Jan 2021, 04:28
EducationAisle wrote:
penco wrote:
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 ?

Hi penco, the main issue with C is that the agent of action (the doer of raise) is not explicitly mentioned. This continues to be the case in your modified option as well.

Quote:
Just trying to understand the logic behind it. I thought they(in B ) was referring to 'short-term rates' :dazed

Agree that there is some ambiguity associated with they. However, please note that pronoun ambiguity should generally not be a reason to eliminate an option.



Thanks Ashish,

Will keep that in check going forward.
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Re: Since savings banks have to use short-term deposits to finance long-te [#permalink]
18 Jan 2021, 04:28
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