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05 Feb 2013, 10:05
Kudos
Bookmarks
C
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
45%
(medium)
Question Stats:
70% (02:10) correct
30%
(02:17)
wrong
based on 752
sessions
History
Date
Time
Result
Not Attempted Yet
Almost 3 years after the Federal Reserve introduced monetary measures to artificially support the financial markets and institutions for the greater good of the economy by providing large capital injections to large financial institutions, four investment banks have been investigated by securities regulators, finding that all four consistently misused funds, many banks deteriorated, and that more than half of the banks did not use the funds for the greater economy, and instead used the money to fuel their risky financial bets.
(A) four investment banks have been investigated by securities regulators, finding that all four consistently misused funds, many banks deteriorated, and that more than half the banks did not use
(B) an investigation by securities regulators of four investment banks have found all four consistently misusing funds, that many banks deteriorated, with more than half the banks not using
(C) an investigation of four investment banks by securities regulators has found that all four consistently misused funds, that many banks deteriorated, and that more than half the banks did not use
(D) four investment banks were investigated by securities regulators who found all four misusing funds, with many banks deteriorating, and more than half the banks did not use
(E) an investigation by securities regulators has found that, of four investment banks, all four consistently misused funds, that many banks deteriorated, with more than half the banks not using
(A) four investment banks have been investigated by securities regulators, finding that all four consistently misused funds, many banks deteriorated, and that more than half the banks did not use
(B) an investigation by securities regulators of four investment banks have found all four consistently misusing funds, that many banks deteriorated, with more than half the banks not using
(C) an investigation of four investment banks by securities regulators has found that all four consistently misused funds, that many banks deteriorated, and that more than half the banks did not use
(D) four investment banks were investigated by securities regulators who found all four misusing funds, with many banks deteriorating, and more than half the banks did not use
(E) an investigation by securities regulators has found that, of four investment banks, all four consistently misused funds, that many banks deteriorated, with more than half the banks not using
05 Feb 2013, 10:57
Kudos
Bookmarks
I'm happy to help with this. 
Almost 3 years after the Federal Reserve introduced monetary measures to artificially support the financial markets and institutions for the greater good of the economy by providing large capital injections to large financial institutions, four investment banks have been investigated by securities regulators, finding that all four consistently misused funds, many banks deteriorated, and that more than half of the banks did not use the funds for the greater economy, and instead used the money to fuel their risky financial bets.
First, I will say --- I am not particular impressed with either this question or this source. Notice, for example, the split infinitive in the prompt ("to artificially support") ---- that's something you will never see on the real GMAT.
Some issues in the underlined section of the prompt -----
1) The participle "finding" would, in this construction, apply to the subject "many banks", which does not make sense here.
2) three parallel clauses, and only two of them have "that"
//that all four consistently misused funds,
//many banks deteriorated,
and
//that more than half of the banks did not use
We could have one "that" at the beginning, or a single "that" at the beginning of each clause, but we can't have "that" at the first & third clauses, skipping the second.
(A) is clearly incorrect.
(B) an investigation by securities regulators of four investment banks have found all four consistently misusing funds, that many banks deteriorated, with more than half the banks not using
Failure of parallelism ---- "misusing (participle) .... that many banks deteriorated (full clause) ... banks not using (participle)." This is a disaster. This is incorrect.
(C) an investigation of four investment banks by securities regulators has found that all four consistently misused funds, that many banks deteriorated, and that more than half the banks did not use
No obvious problems. Correct parallelism. This is acceptable.
(D) four investment banks were investigated by securities regulators who found all four misusing funds, with many banks deteriorating, and more than half the banks did not use
Failure of parallelism ----- "all four misusing funds (participle), with many banks deteriorating (prepositional phrase), and .... banks did not use (full clause) ...." Another parallelism disaster. This is incorrect.
(E) an investigation by securities regulators has found that, of four investment banks, all four consistently misused funds, that many banks deteriorated, with more than half the banks not using
Another failure of parallelism --- (that clause) + (that clause) + (prepositional phrase) ---- this is incorrect.
The only acceptable answer possible is (C), the OA.
Does all this make sense?
Mike
Almost 3 years after the Federal Reserve introduced monetary measures to artificially support the financial markets and institutions for the greater good of the economy by providing large capital injections to large financial institutions, four investment banks have been investigated by securities regulators, finding that all four consistently misused funds, many banks deteriorated, and that more than half of the banks did not use the funds for the greater economy, and instead used the money to fuel their risky financial bets.
First, I will say --- I am not particular impressed with either this question or this source. Notice, for example, the split infinitive in the prompt ("to artificially support") ---- that's something you will never see on the real GMAT.
Some issues in the underlined section of the prompt -----
1) The participle "finding" would, in this construction, apply to the subject "many banks", which does not make sense here.
2) three parallel clauses, and only two of them have "that"
//that all four consistently misused funds,
//many banks deteriorated,
and
//that more than half of the banks did not use
We could have one "that" at the beginning, or a single "that" at the beginning of each clause, but we can't have "that" at the first & third clauses, skipping the second.
(A) is clearly incorrect.
(B) an investigation by securities regulators of four investment banks have found all four consistently misusing funds, that many banks deteriorated, with more than half the banks not using
Failure of parallelism ---- "misusing (participle) .... that many banks deteriorated (full clause) ... banks not using (participle)." This is a disaster. This is incorrect.
(C) an investigation of four investment banks by securities regulators has found that all four consistently misused funds, that many banks deteriorated, and that more than half the banks did not use
No obvious problems. Correct parallelism. This is acceptable.
(D) four investment banks were investigated by securities regulators who found all four misusing funds, with many banks deteriorating, and more than half the banks did not use
Failure of parallelism ----- "all four misusing funds (participle), with many banks deteriorating (prepositional phrase), and .... banks did not use (full clause) ...." Another parallelism disaster. This is incorrect.
(E) an investigation by securities regulators has found that, of four investment banks, all four consistently misused funds, that many banks deteriorated, with more than half the banks not using
Another failure of parallelism --- (that clause) + (that clause) + (prepositional phrase) ---- this is incorrect.
The only acceptable answer possible is (C), the OA.
Does all this make sense?
Mike
General Discussion
Marcab
Joined: 03 Feb 2011
Last visit: 22 Jan 2021
Posts: 856
Own Kudos:
Given Kudos: 221
Status:Retaking after 7 years
Location: United States (NY)
Concentration: Finance, Economics
Schools: Simon '15 (M$)
GMAT 1: 720 Q49 V39
GPA: 3.75
05 Feb 2013, 10:46
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monirjewel
Almost 3 years after the Federal Reserve introduced monetary measures to artificially support the financial markets and institutions for the greater good of the economy by providing large capital injections to large financial institutions, four investment banks have been investigated by securities regulators, finding that all four consistently misused funds, many banks deteriorated, and that more than half of the banks did not use the funds for the greater economy, and instead used the money to fuel their risky financial bets.
(A) four investment banks have been investigated by securities regulators, finding that all four consistently misused funds, many banks deteriorated, and that more than half the banks did not use
(B) an investigation by securities regulators of four investment banks have found all four consistently misusing funds, that many banks deteriorated, with more than half the banks not using
(C) an investigation of four investment banks by securities regulators has found that all four consistently misused funds, that many banks deteriorated, and that more than half the banks did not use
(D) four investment banks were investigated by securities regulators who found all four misusing funds, with many banks deteriorating, and more than half the banks did not use
(E) an investigation by securities regulators has found that, of four investment banks, all four consistently misused funds, that many banks deteriorated, with more than half the banks not using
(A) four investment banks have been investigated by securities regulators, finding that all four consistently misused funds, many banks deteriorated, and that more than half the banks did not use
(B) an investigation by securities regulators of four investment banks have found all four consistently misusing funds, that many banks deteriorated, with more than half the banks not using
(C) an investigation of four investment banks by securities regulators has found that all four consistently misused funds, that many banks deteriorated, and that more than half the banks did not use
(D) four investment banks were investigated by securities regulators who found all four misusing funds, with many banks deteriorating, and more than half the banks did not use
(E) an investigation by securities regulators has found that, of four investment banks, all four consistently misused funds, that many banks deteriorated, with more than half the banks not using
Hii.
It was a lengthy question.
First understand the meaning of the sentence.
After 3 years of something, y happens. Result:
i) four banks consistently misused funds.
ii)many banks deteriorated.
iii) more than half of the banks did not use the money for greater economy but for their self interest.
We have to look for this meaning in a correctly written sentence.
Choice A merges two ICs without any proper conjunction. Moreover, the usage of "four banks were investigated" following the clause "almost 3 years after the bla bla bla" implies a different meaning.
B has SVA issue. "investigation" is singular.
D and E change the meaning. In addition to this, D is not parallel.
Regards.
