Choose the most suitable option to replace the highlighted part of the sentence:
The fraud comes at a time when the unregulated finance industry is facing a crisis on its way of high-interest rates and low repayment of loans.
Show answer & explanation
Correct answer: D
Explanation
The phrase 'by way of' is a common idiom meaning 'via', 'by means of', or 'through the use of'. In the context of the sentence, 'facing a crisis by way of high-interest rates and low repayment of loans' means the crisis is being experienced through or because of these specific financial conditions.