Free Practice Question
CR · Critical Reasoning
655-705
Complete the Passage
Frustrated with the high fees and poor service from traditional financial institutions, a tech-savvy individual launched a new digital banking platform. This platform quickly gained traction, capturing a significant share of the market and leading to the closure of several established banks. The resulting bank failures caused widespread job losses. In response, the government decided to shut down the new digital banking platform, claiming it was responsible for the job losses and a looming economic downturn. However, this decision to close the platform should be reconsidered because __________.
Which of the following most logically completes the argument?
Which of the following most logically completes the argument?
Answer Choices
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(A) the high costs and inefficiencies of traditional banks prompted the creation of the new platform
B
(B) the closure of banks indicates that consumers prefer to manage their finances independently
C
(C) widespread job loss diminishes consumer spending power, which negatively impacts businesses and leads to further job losses
D
(D) the practices of traditional banks weakened the economy and made it susceptible to disruptive innovations
E
(E) innovators must consider the broader social and economic implications of their innovations
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Comments
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A
AnshulMar 9, 2025
Great question!
Details
Difficulty
655-705
Type
CR