" To me, there were a series of bad financial decisions or poor management on the part of the bank's president and high-level management. These bad decisions and perhaps an adverse economy resulted in the bank's going out of business. One of the oldest and largest UK banks, Barings, declared bankruptcy (1995) when one of its currency traders in Singapore placed big bets over a 4-5 year period of time and lost a total of £827 million.
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hhtt"A series of financial disasters culminated in the collapse of the country's largest bank."To me, there were a series of bad financial decisions or poor management on the part of the bank's president and high-level management. These bad decisions and perhaps an adverse economy resulted in the bank's going out of business.
hhttDoes culminate refer to that disasters continueNo. The disasters just affected the bank. Here is an example of a series of financial disasters...
Clive"A series of financial disasters culminated in the collapse of the country's largest bank." Source: MacMillan English Dictionary.Question: What does this sentence convey? Does it implies that disasters has ended after the collapse of the bank or they continue? The collapse was the worst and final disaster. culminate - reach its highest and final point Which of the fo
AlpheccaStars hhttDoes culminate refer to that disasters continueNo. The disasters just affected the bank. Here is an example of a series of financial disasters...Because of disaster #1, the bank loses $10 million.Because of disaster #2, the bank loses $3 million.Because of disaster #3, the bank loses $55 million..Because of disaster #4, the bank loses $122 million.Becaus
CliveWhen saying this implies but not state ... , this implies what? The problem with imply1) A series of financial disasters ended in the collapse of the country's largest bank." This implies but does not state that the collapse was the worst disaster.In other words, this suggests to the reader that the collapse was the worst disaster, but it does not very clearly say so
hhttFor example, can it affect other firms but damage of that bank could be highest.We don't know. There is no information in that sentence that you can infer that other banks were affected or not. "Culminate" just means that the highest point (climax) of a situation was reached. It can apply to any situation that builds and builds to a high point. The clim