medium · LSAT Logical Reasoning
A regional bank recently increased the interest rates it offers on its savings accounts, expecting that this would attract a significant number of new depositors. However, in the three months following the rate increase, the bank saw a net decrease in the total amount of money held in its savings accounts.
Which one of the following, if true, most helps to resolve the apparent paradox?
- Opening a new savings account at the bank requires an initial deposit of at least five hundred dollars.
- The bank's new rate, while higher, still falls slightly below the rate offered by its chief competitor.
- The bank devoted a large share of its advertising budget to publicizing the new rates on local television and radio.
- Soon after the rate rose, a nationwide economic downturn forced many of the bank's existing customers to withdraw their savings to cover basic living costs.
- The total savings on deposit fell so far that the bank now holds less money than any other bank in the entire country.
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More LSAT Logical Reasoning practice
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