Question

\during the 2007 - 2010 financial crisis, the united states furnished billions of dollars to selected countries central banks via mechanisms called swap lines. aditi sahasrabuddhe found that countries policy environments seem to have been
probability that banks would be granted
swap line decisions: the
countries open to foreign - capital inflows and 0.03 in countries with policies restricting such inflows.
which choice completes the text with the most logical and precise word or phrase?
a) predicated on
b) decoupled from
c) material to
d) mediated by

Explanation:

The sentence is about the probability of banks being granted swap lines. The phrase "predicated on" means based on. "Decoupled from" means separated from. "Material to" means relevant to. "Mediated by" means influenced by. The context is about policy decisions. "Predicated on" fits as it shows the probability is based on policy decisions.

Answer:

A. predicated on