Because the bond business has been ________ rather than ________ business, the capital of the market makers is critical.

Question

Quizplus · Accepted Answer

The use of "rather than" in the sentence indicates that the bond business is being contrasted with another type of business. The terms "financial" and "accounting" do not provide a clear contrast. Similarly, "agency" and "principal" do not provide a clear contrast with each other. However, "agency" and "principal" are both related to market making, which is mentioned in the sentence. Therefore, D is the best choice as it contrasts "a principal" with "an agency" and is related to the topic of the sentence.

Because the Bond Business Has Been ________ Rather Than ________

Because the Bond Business Has Been Rather Than