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31 Dec 2021, 06:44
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kadamhari825
Hello kadamhari825,
We hope this finds you well.
Having gone through the question and your query, we believe we can resolve your doubts.
1. You are correct; "instead preferring..." modifies the clause "fund managers have not been eager to invest the new money"; "instead" works in conjunction with "preferring" to convey the sense of contrast between the two actions.
2. Yes; "raise...at" here fails to convey a coherent meaning.
We hope this helps.
All the best!
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harish555
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03 Jan 2022, 03:56
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Cash flows to stock and bond mutual funds have gained strength in the last two months, but fund managers have not been eager to invest the new money, instead of preferring to raise the cash levels in their portfolios at the highest level in six months.
(A) have not been eager to invest the new money, instead of preferring to raise the cash levels in their portfolios at
Portfolios at – Not the right idiom and meaning will be distorted, if we use ‘at’
(B) have not been eager to invest the new money, instead preferring to raise the cash levels in their portfolios to
At one instance , I doubted it . But if we observe carefully , instead is an adverb . We can use adverb at the beginning of the clause or at the end of the clause. So, there is no problem in using it here. Preferring – fund managers(Subject of this clause ) prefer to raise the cash levels
(C) have not been eager at investing the new money, instead of preferring to raise the cash levels in their portfolios to
Eager at – might be an issue. They prefer to raise the cash levels , not that they are not eager to invest instead of preferring to raise the cash . Meaning is distorted.
(D) were not eager to invest the new money, instead of preferring to raise the cash levels the cash levels in their portfolios at
Portfolios at – Idiom error. Were – Simple past – I doubt if we can use simple past here. Instead of – another issue.
(E) were not eager at investing the new money, instead preferring to raise the cash levels in their portfolios to
Error – Were – Not so clear why we should use simple past tense here.
So, B is the best choice overall.
(A) have not been eager to invest the new money, instead of preferring to raise the cash levels in their portfolios at
Portfolios at – Not the right idiom and meaning will be distorted, if we use ‘at’
(B) have not been eager to invest the new money, instead preferring to raise the cash levels in their portfolios to
At one instance , I doubted it . But if we observe carefully , instead is an adverb . We can use adverb at the beginning of the clause or at the end of the clause. So, there is no problem in using it here. Preferring – fund managers(Subject of this clause ) prefer to raise the cash levels
(C) have not been eager at investing the new money, instead of preferring to raise the cash levels in their portfolios to
Eager at – might be an issue. They prefer to raise the cash levels , not that they are not eager to invest instead of preferring to raise the cash . Meaning is distorted.
(D) were not eager to invest the new money, instead of preferring to raise the cash levels the cash levels in their portfolios at
Portfolios at – Idiom error. Were – Simple past – I doubt if we can use simple past here. Instead of – another issue.
(E) were not eager at investing the new money, instead preferring to raise the cash levels in their portfolios to
Error – Were – Not so clear why we should use simple past tense here.
So, B is the best choice overall.
08 Jan 2022, 09:58
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kadamhari825
Let's start by taking a quick look at the correct option, choice (B):
- Fund managers have not been eager to do something. What have they not been eager to do? They have not been eager to invest the new money.
- "instead preferring to raise the cash levels in their portfolios to..." modifies the preceding clause, telling us more about the action of not being eager (to invest the new money). This makes perfect sense.
In choice (A), we have, "instead OF preferring..." This extra little "of" makes the meaning much less clear because it allows for a totally different interpretation:
- Fund managers have not been eager to do something. What have they not been eager to do? They have not been eager to invest the new money instead of preferring to raise the cash levels {...}.
- Here it seems like the fund managers' option is to invest the new money instead of preferring {...}.
- In other words, the "instead of..." part now seems to tell us more about what the fund managers have NOT been eager to do (they have not been eager to invest instead of preferring...)
So is the comma before "instead of..." there to indicate that the "instead of..." part modifies the preceding clause? Or is the comma just there for clarity (something we see all the time on the GMAT)? You had to ask about the meaning because the meaning simply isn't clear, and that gives us one vote for (B) over (A).
The "at" vs. "to" issue seals the deal. We are talking about raising cash levels TO some level, not raising cash levels AT some level. That's not a DEFINITE error by itself, but we now have two pretty strong votes against (A) and can see that (B) is the better choice.
I hope that helps!
