Question : Select the most appropriate option to substitute the bracketed segment in the given sentence. If there is no need to substitute it, select 'No substitution required'.
The Bank of New York has increased (interest rates four times from last January).
Option 1: interest rates four times since last January.
Option 2: the interest rates four time from last January.
Option 3: No substitution required
Option 4: interest rates from last January, four times.
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Correct Answer: interest rates four times since last January.
Solution : The correct choice is the first option.
Explanation : "Since" is the appropriate word to show a specific point in time from which the actions (increases) have occurred. It maintains proper grammar and clarity, making it the most suitable choice among the options.
Therefore, the correct sentence would be: The Bank of New York has increased interest rates four times since last January.
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