The bank acknowledged that they are and will continue to experience

The bank acknowledged that they are and will continue to experience difficulties as it attempts to deal with the precipitous fall of the dollar against the yen and the dislocations reflected in the stock market decline.

A they are and will continue to experience difficulties as it attempts
B they are and will continue to experience difficulties as they attempt
C it is and will continue to experience difficulties as it attempts
D it is experiencing and will continue to experience difficulties as they make an attempt
E its difficulties are likely to continue as it attempts

Eliminate A,B, and D for pronoun issue.
Eliminate C for will (should be Would if in past tense).

Only possible answer is E. (it is okay to change the meaning slightly, other options have major issues )

They will continue .. ABC cut out straight.. Cause adding extra word need not to say" they are" and it is as it is already there with the word continue.. Who are they in D.. So only option left is E referring to bank

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Bank is singular, so it should be referred by 'it' not 'they'.
Options A and B are out.
C is also incorrect as 'it is' before 'and' is incomplete.
D incorrectly refers bank as 'they'.
E uses the correct pronoun 'it' and is concise.

A and B both have plural "they" which should be singular "is" corresponding to singular "bank". A and B are out.

C is wrong because it is not parallel. If we expand C we would get:

1. it is experience difficulties as it attempts
2. it will continue to experience difficulties as it attempts

Notice that (2) is perfectly fine but (1) is totally wrong. Therefore, C is out because it is not parallel.

D solves the issue of parallelism, but use "they", same as A and B. In addition, "make an attempt" is wordy in comparison to "attempts"

E is correct. Even though at first I suspected that it might change the meaning, but all other choices have obvious weaknesses.

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