Last visit was: 05 Sep 2026, 21:19 It is currently 05 Sep 2026, 21:19
Home
Messages
Tests
Schools
Events
Close
GMAT Club Daily Prep
Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
Go to My Error Log Learn more
Close
Request Expert Reply
Confirm Cancel
User avatar
BillyZ
User avatar
Current Student
Joined: 14 Nov 2016
Last visit: 06 Jun 2026
Posts: 1,134
Own Kudos:
22,911
 [1]
Given Kudos: 926
Location: Malaysia
Concentration: General Management, Strategy
Schools: Sloan '23 (D) Tuck '23 (D) Darden '23 (D) Ross '23 (D) Kellogg '23 (D) Wharton '23 (D) Booth '23 (D) Fuqua '24 (A) Harvard '24 (D) Stanford '24 (D)
GMAT 1: 750 Q51 V40 (Online)
GPA: 3.53
Products:
My Reviews
Schools: Sloan '23 (D) Tuck '23 (D) Darden '23 (D) Ross '23 (D) Kellogg '23 (D) Wharton '23 (D) Booth '23 (D) Fuqua '24 (A) Harvard '24 (D) Stanford '24 (D)
GMAT 1: 750 Q51 V40 (Online)
Posts: 1,134
Kudos: 22,911
 [1]
Banker: My countrys laws require every bank to invest in its local co 22 Sep 2019, 19:04
Kudos
Add Kudos
1
Bookmarks
Bookmark this Post
00:00
Start Timer
Pause Timer
Resume Timer
Show Answer
Hide
Show
History
E
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!

Difficulty:

75% (hard)

Question Stats:

42% (01:56) correct 58% (02:39) wrong based on 24 sessions

History

Date
Time
Result
Not Attempted Yet
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.

CR53870.01

Archived Topic
Hi there,
This topic has been closed and archived due to inactivity or violation of community quality standards. No more replies are possible here.
Where to now? Join ongoing discussions on thousands of quality questions in our Critical Reasoning (CR) Forum
Still interested in this question? Check out the "Best Topics" block below for a better discussion on this exact question, as well as several more related questions.
Thank you for understanding, and happy exploring!
ShowHide Answer
Official Answer
E
User avatar
Bunuel
User avatar
Math Expert
Joined: 02 Sep 2009
Last visit: 05 Sep 2026
Posts: 113,155
Own Kudos:
839,396
Given Kudos: 111,332
Products:
GMAT Club Tests
Expert
Expert reply
Active GMAT Club Expert! Tag them with @ followed by their username for a faster response.
Posts: 113,155
Kudos: 839,396
Banker: My countrys laws require every bank to invest in its local co 22 Sep 2019, 20:32
Kudos
Add Kudos
Bookmarks
Bookmark this Post
hazelnut
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.

CR53870.01
Show more

Posted here: banker-my-country-s-laws-require-every-bank-to-invest-in-its-local-co-306073.html

Archived Topic
Hi there,
This topic has been closed and archived due to inactivity or violation of community quality standards. No more replies are possible here.
Where to now? Join ongoing discussions on thousands of quality questions in our Critical Reasoning (CR) Forum
Still interested in this question? Check out the "Best Topics" block above for a better discussion on this exact question, as well as several more related questions.
Thank you for understanding, and happy exploring!
Moderators:
GMATNinja
GMAT Club Verbal Expert
7399 posts
AbhishekP220108
Verbal Forum Moderator
705 posts