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Editor: Many people blame investment banks alone for the decline in US

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Joined: 18 Apr 2016
Posts: 31

Kudos [?]: 3 [0], given: 7

Location: India
GMAT 1: 510 Q46 V17
Editor: Many people blame investment banks alone for the decline in US [#permalink]

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New post 28 Aug 2017, 20:48
00:00
A
B
C
D
E

Difficulty:

  15% (low)

Question Stats:

74% (00:57) correct 26% (00:35) wrong based on 78 sessions

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Editor: Many people blame investment banks alone for the decline in US economy over the past five years. Yet clearly, the Federal Reserve and consumers have each played a vital role in this decline. In the five years prior to the recession, the Federal Reserve kept interest rates low and consumers had a habit of spending beyond their means. Combined, consumers went ahead and took on large mortgages to buy homes they couldn't necessarily afford should they lose a fraction of their income.

In the editor's argument, the portion in boldface plays which of the following roles?

(A)It is the main conclusion of the argument.

(B)It is a finding that the argument seeks to explain.

(C)It is an explanation that the argument concludes is correct.

(D)It provides evidence in support of the main conclusion of the argument.

(E)It introduces a judgment that the argument opposes.


[Reveal] Spoiler:
My Answer is B. But it is wrong, Please anyone tell that correct answer for this.

Source : GMAT Pill
[Reveal] Spoiler: OA

Last edited by imyuva on 28 Aug 2017, 21:26, edited 1 time in total.

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Re: Editor: Many people blame investment banks alone for the decline in US [#permalink]

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New post 28 Aug 2017, 21:10
Boldface not highlighted.
Please update the post

Kudos [?]: 9 [0], given: 84

Intern
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Joined: 18 Apr 2016
Posts: 31

Kudos [?]: 3 [0], given: 7

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GMAT 1: 510 Q46 V17
Re: Editor: Many people blame investment banks alone for the decline in US [#permalink]

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New post 28 Aug 2017, 21:28
akshata19 wrote:
Boldface not highlighted.
Please update the post

Oh Sorry. Now I have highlighted bold phrase.

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Concentration: Operations, Marketing
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WE: Manufacturing and Production (Manufacturing)
Re: Editor: Many people blame investment banks alone for the decline in US [#permalink]

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New post 28 Aug 2017, 22:39
Imo E
The boldface is the judgement that the argument opposes .

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Kudos [?]: 69 [0], given: 533

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Re: Editor: Many people blame investment banks alone for the decline in US [#permalink]

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New post 28 Aug 2017, 22:42
Boldface part is neither the main conclusion nor the evidence/explanation so we can clearly eliminate A C D

*Many people blame* the sentence indicates that
it is not a finding but more of a perception
Hence not B

And later part of the passage indicates that others are to blamed as well

E is the best choice

Kudos please if explanation helped

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Kudos [?]: 9 [0], given: 84

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Re: Editor: Many people blame investment banks alone for the decline in US [#permalink]

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New post 28 Aug 2017, 22:47
imyuva wrote:
Editor: Many people blame investment banks alone for the decline in US economy over the past five years. Yet clearly, the Federal Reserve and consumers have each played a vital role in this decline. In the five years prior to the recession, the Federal Reserve kept interest rates low and consumers had a habit of spending beyond their means. Combined, consumers went ahead and took on large mortgages to buy homes they couldn't necessarily afford should they lose a fraction of their income.

In the editor's argument, the portion in boldface plays which of the following roles?

(A)It is the main conclusion of the argument.

(B)It is a finding that the argument seeks to explain.

(C)It is an explanation that the argument concludes is correct.

(D)It provides evidence in support of the main conclusion of the argument.




(E)It introduces a judgment that the argument opposes.


My Answer is B. But it is wrong, Please anyone tell that correct answer for this.
Source : GMAT Pill

Here's what I think:
The author says that Investment banks aren't the only ones to be blamed, federal reserve and consumers deserve an equal share of blame too. The paragraph 'In the five years prior.... their income." justifies his argument.
Hence it is clear that the argument given by the author contradicts or opposes the first statement.

Therefore option E is correct.

Kudos [?]: [0], given: 3

Re: Editor: Many people blame investment banks alone for the decline in US   [#permalink] 28 Aug 2017, 22:47
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Editor: Many people blame investment banks alone for the decline in US

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