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So that banks can continue to make loans to their customers, the Feder

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Bunuel
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So that banks can continue to make loans to their customers, the Feder [#permalink] New post   01 Dec 2023, 02:30
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A
B
C
D
E

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75% (hard)

Question Stats:

50% (02:01) correct 50% (01:55) wrong based on 272 sessions
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So that banks can continue to make loans to their customers, the Federal Reserve Bank has made discount loans available to the banks with a slightly lower interest rate than typical emergency loans.

(A) their customers, the Federal Reserve Bank has made discount loans available to the banks with a slightly lower interest rate than typical emergency loans

(B) their customers, the Federal Reserve Bank has made discount loans available that are slightly lower to the banks than the interest rates available with typical emergency loans

(C) their customers, the Federal Reserve Bank has made available to the banks discount loans that have interest rates that are slightly lower than typical emergency loan rates

(D) customers, the Federal Reserve Bank made discount loans available to the banks with interest rates that are slightly lower than typical emergency loans

(E) customers, the Federal Reserve Bank has made available to the banks discount loans with interest rates that are slightly lower than typical emergency loans


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C
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Amobnc
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Re: So that banks can continue to make loans to their customers, the Feder [#permalink] New post   02 Dec 2023, 12:55
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Hi,
Could I get an explanation for the right answer please?
I chose D) instead of C) and I would like to know where I went wrong..

Thanks!
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Gprabhumir
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So that banks can continue to make loans to their customers, the Feder [#permalink] New post   04 Dec 2023, 06:58
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Interest rates in discount loans must be compared with interest rates of emergency loans and not directly with the EMERGENCY LOANS.

This simply eliminates answer choices A,B,D and E.

C is the correct answer.

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Bunuel
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Re: So that banks can continue to make loans to their customers, the Feder [#permalink] New post   06 Jan 2024, 01:45
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Bunuel wrote:
So that banks can continue to make loans to their customers, the Federal Reserve Bank has made discount loans available to the banks with a slightly lower interest rate than typical emergency loans.

(A) their customers, the Federal Reserve Bank has made discount loans available to the banks with a slightly lower interest rate than typical emergency loans

(B) their customers, the Federal Reserve Bank has made discount loans available that are slightly lower to the banks than the interest rates available with typical emergency loans

(C) their customers, the Federal Reserve Bank has made available to the banks discount loans that have interest rates that are slightly lower than typical emergency loan rates

(D) customers, the Federal Reserve Bank made discount loans available to the banks with interest rates that are slightly lower than typical emergency loans

(E) customers, the Federal Reserve Bank has made available to the banks discount loans with interest rates that are slightly lower than typical emergency loans


This is a SC Butler Question



VERITAS PREP OFFICIAL SOLUTION:



The primary objective in this Comparison question is making sure that you're constructing a logical comparison, that you're comparing like things. Note that several answer choices compare "interest rates" (in the new loans) to "typical emergency loans." You need to compare rates to rates - it's that the interest rates on these new loans are lower than the rates of the typical loans.

Only choices (B) and (C) take care to include "rates" in the second item of the comparison (typical emergency loan rates), so you can eliminate (A), (D), and (E). And with (B),. note that "interest rates" is not part of the first item (the new discount loans) so it makes the same mistake, just on the other item of the comparison. Only choice (C) properly compares interest rates to interest rates, so (C) is correct.
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Divyansh23
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Re: So that banks can continue to make loans to their customers, the Feder [#permalink] New post   09 Jan 2024, 03:03
Amobnc wrote:
Hi,
Could I get an explanation for the right answer please?
I chose D) instead of C) and I would like to know where I went wrong..

Thanks!


All the options, except for C, are comparing 'interest rate(s)' with 'loans', which is wrong.
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Re: So that banks can continue to make loans to their customers, the Feder [#permalink]
09 Jan 2024, 03:03
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