GMAT Question of the Day - Daily to your Mailbox; hard ones only

 It is currently 19 Jan 2019, 06:35

### 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

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

## Events & Promotions

###### Events & Promotions in January
PrevNext
SuMoTuWeThFrSa
303112345
6789101112
13141516171819
20212223242526
272829303112
Open Detailed Calendar
• ### Free GMAT Strategy Webinar

January 19, 2019

January 19, 2019

07:00 AM PST

09:00 AM PST

Aiming to score 760+? Attend this FREE session to learn how to Define your GMAT Strategy, Create your Study Plan and Master the Core Skills to excel on the GMAT.
• ### FREE Quant Workshop by e-GMAT!

January 20, 2019

January 20, 2019

07:00 AM PST

07:00 AM PST

Get personalized insights on how to achieve your Target Quant Score.

# Declining values for bonds, the financial vehicles against which inves

Author Message
TAGS:

### Hide Tags

Manager
Status: Only GMAT!!
Joined: 17 Sep 2010
Posts: 64
WE 1: 5.5+ years IT Prof.
Declining values for bonds, the financial vehicles against which inves  [#permalink]

### Show Tags

06 Mar 2011, 09:32
5
00:00

Difficulty:

55% (hard)

Question Stats:

52% (01:16) correct 48% (01:21) wrong based on 565 sessions

### HideShow timer Statistics

Declining values for bonds, the financial vehicles against which investors hedge to get through the bear market, is going to force currency trading to increase.

(A) the financial vehicles against which investors hedge to get through the bear market, is

(B) which investors use as financial vehicles to hedge against to get through the bear market, is

(C) the financial vehicle which is hedged against by investors to get through the bear market is

(D) which investors use as financial vehicles to hedge against to get through the bear market, are

(E) the financial vehicles against which investors hedge to get through the bear market, are

Does anyone have an explanation? I realized you can eliminate A B C because they use "is" and you need "are" to keep it plural. I know that D sounds a but funny having "to hedge against to get through" however I chose D because I wanted to use which because without that part of the sentance the santence would still make sense?
Director
Status: Impossible is not a fact. It's an opinion. It's a dare. Impossible is nothing.
Affiliations: University of Chicago Booth School of Business
Joined: 03 Feb 2011
Posts: 730
Re: Declining values for bonds, the financial vehicles against which inves  [#permalink]

### Show Tags

07 Mar 2011, 16:02
1
First split "is/are". d and e left. In d "which" is a spoiler. It refers to bonds

E remains.
SVP
Joined: 06 Nov 2014
Posts: 1877
Re: Declining values for bonds, the financial vehicles against which inves  [#permalink]

### Show Tags

09 Aug 2015, 20:18
1
In the option D, "which" refers to "Declining values for bonds" rather than referring to Bonds.
This does not makes sense as the investors use the bonds as the financial vehicles, not the declining values of bonds.
Retired Moderator
Status: worked for Kaplan's associates, but now on my own, free and flying
Joined: 19 Feb 2007
Posts: 4616
Location: India
WE: Education (Education)
Re: Declining values for bonds, the financial vehicles against which inves  [#permalink]

### Show Tags

09 Aug 2015, 20:22
We can simply dispense with A, B and C for using the singular verb ‘is’ rather than ‘are’. Between D and E,

d.) which investors use as financial vehicles to hedge against to get through the bear market, are –Here although the pronoun 'which’ refers to the bonds technically, logically it refers to the 'declining values' that the investors are using as a hedge. It makes no sense to say that a declining value is used as a hedge.

e.) the financial vehicles against which investors hedge to get through the bear market, are --- The appositive modifier sets the tone correct by directly referring to the bonds that are used as hedge.

_________________

you can know a lot about something but not really understand it."-- a quote
No one knows this better than a GMAT student does.
Narendran +9198845 44509

Retired Moderator
Status: worked for Kaplan's associates, but now on my own, free and flying
Joined: 19 Feb 2007
Posts: 4616
Location: India
WE: Education (Education)
Re: Declining values for bonds, the financial vehicles against which inves  [#permalink]

### Show Tags

22 Oct 2015, 21:06
On second thoughts, the reason for D’s exclusions seems to be for more deep than apparent. While in regard to the referent for ‘which’ in D, it makes more sense to say that the phrase ‘the financial vehicle’ does stand for the bonds more eligibly than for the declining values, technically as well as logically. After all, bonds are financial vehicles and the noun sits smugly before the pronoun ‘which’. Logically a declining value can never be a financial instrument or a hedge.

There is an element of redundancy inherent in D. When we use something to get through something, the usage itself is known as hedging. There is no need to say again ‘use to hedge’ as in ‘D’. The simultaneous usage that ‘use the bonds to hedge’ is redundant. We can as well avoid the phrase ‘to hedge’ in D.

E subtly avoids redundancy and is a better choice. This is an example of how deep the GMAT can get.
_________________

you can know a lot about something but not really understand it."-- a quote
No one knows this better than a GMAT student does.
Narendran +9198845 44509

Board of Directors
Status: QA & VA Forum Moderator
Joined: 11 Jun 2011
Posts: 4328
Location: India
GPA: 3.5
Re: Declining values for bonds, the financial vehicles against which inves  [#permalink]

### Show Tags

16 Nov 2016, 10:10
1
vivgmat wrote:
Declining values for bonds, the financial vehicles against which investors hedge to get through the bear market, is going to force currency trading to increase.

a.) the financial vehicles against which investors hedge to get through the bear market, is

b.) which investors use as financial vehicles to hedge against to get through the bear market, is

c.) the financial vehicle which is hedged against by investors to get through the bear market is

d.) which investors use as financial vehicles to hedge against to get through the bear market, are

e.) the financial vehicles against which investors hedge to get through the bear market, are

Declining values for bonds, the financial vehicles against which investors hedge to get through the bear market, are going to force currency trading to increase.

1. Declining Values ----->Are
2. Declining values of bonds --->against which investors hedge

Hence, (E) is the best...

Similar question to practice - declining-values-for-farm-equipment-and-land-the-collateral-129205.html
_________________

Thanks and Regards

Abhishek....

PLEASE FOLLOW THE RULES FOR POSTING IN QA AND VA FORUM AND USE SEARCH FUNCTION BEFORE POSTING NEW QUESTIONS

How to use Search Function in GMAT Club | Rules for Posting in QA forum | Writing Mathematical Formulas |Rules for Posting in VA forum | Request Expert's Reply ( VA Forum Only )

Intern
Joined: 24 May 2014
Posts: 13
Location: India
Concentration: General Management, Operations
WE: Engineering (Energy and Utilities)
Re: Declining values for bonds, the financial vehicles against which inves  [#permalink]

### Show Tags

12 Mar 2017, 21:03
Experts please elaborate why D is wrong....i did not find any grammatical error in both D& E
Retired Moderator
Joined: 14 Dec 2013
Posts: 2911
Location: Germany
Schools: German MBA
GMAT 1: 780 Q50 V47
WE: Corporate Finance (Pharmaceuticals and Biotech)
Re: Declining values for bonds, the financial vehicles against which inves  [#permalink]

### Show Tags

14 Mar 2017, 10:35
Experts please elaborate why D is wrong....i did not find any grammatical error in both D& E

The difference between D and E has already been explained by kivalo above, though in my opinion, this difference is not a solid reason to eliminate D. Other than this slight change in meaning, I do not see any problem with option D.
Math Expert
Joined: 02 Sep 2009
Posts: 52294
Re: Declining values for bonds, the financial vehicles against which inves  [#permalink]

### Show Tags

04 Sep 2018, 03:24
vivgmat wrote:
Declining values for bonds, the financial vehicles against which investors hedge to get through the bear market, is going to force currency trading to increase.

(A) the financial vehicles against which investors hedge to get through the bear market, is

(B) which investors use as financial vehicles to hedge against to get through the bear market, is

(C) the financial vehicle which is hedged against by investors to get through the bear market is

(D) which investors use as financial vehicles to hedge against to get through the bear market, are

(E) the financial vehicles against which investors hedge to get through the bear market, are

Does anyone have an explanation? I realized you can eliminate A B C because they use "is" and you need "are" to keep it plural. I know that D sounds a but funny having "to hedge against to get through" however I chose D because I wanted to use which because without that part of the sentance the santence would still make sense?

MANHATTAN REVIEW OFFICIAL EXPLANATION:

Because ‘values’ is plural, you need the plural form of the verb ‘to be’. Eliminate A, B and C. The placement of the preposition ‘against’ in E is better than in D. Prepositions should not come at the end of phrases. Choice E is the correct answer.
_________________
Intern
Joined: 03 Apr 2017
Posts: 45
Re: Declining values for bonds, the financial vehicles against which inves  [#permalink]

### Show Tags

04 Sep 2018, 10:43
Couldn't agree with any of the answers. 'Declining values for bonds', is not plural; values or bonds are not the subject, the subject is the clause as a whole, which is singular.
Re: Declining values for bonds, the financial vehicles against which inves &nbs [#permalink] 04 Sep 2018, 10:43
Display posts from previous: Sort by