Critical Reasoning

Banker: My country's laws require every bank to invest in its local community by lending money to local businesses, providing mortgages for local home purchases, and so forth. This is intended to revitalize impoverished local communities. But it is clear that the law will soon entirely cease to serve its intended purpose. An increasing number of banks incorporated in our country exist solely on the Internet and are not physically located in any specific community.

The banker's argument is most vulnerable to criticism on which of the following grounds?

A. It overlooks the possibility that most banks that are physically located in specific communities in the banker's country are not located in impoverished communities.
B. It takes for granted that a law that ceases to serve its originally intended purpose no longer serves any other beneficial purpose, either.
C. It confuses a condition that would, if present, be likely to produce a given effect, with a condition that would probably be the cause if that effect were present.
D. It overlooks the possibility that even if there is a strong correlation between two phenomena, neither of those phenomena are necessarily causally responsible for the other.
E. It fails to adequately address the possibility that an increase in the number of banks of one kind in the banker's country will not lead to the complete elimination of banks of another kind.


OA E

Source: Official Guide