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

It is currently 15 Oct 2018, 10:11

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.

Close

Request Expert Reply

Confirm Cancel

In hoping to restrain economic growth, interest rates were raised by

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
TAGS:

Hide Tags

VP
VP
User avatar
Status: mission completed!
Joined: 02 Jul 2009
Posts: 1297
GPA: 3.77
GMAT ToolKit User Premium Member Reviews Badge
In hoping to restrain economic growth, interest rates were raised by  [#permalink]

Show Tags

New post Updated on: 03 Jan 2018, 02:00
4
3
00:00
A
B
C
D
E

Difficulty:

  5% (low)

Question Stats:

92% (00:58) correct 8% (01:09) wrong based on 884 sessions

HideShow timer Statistics

In hoping to restrain economic growth, interest rates were raised by British policymakers, making it more expensive to borrow for businesses and consumers.

(A) In hoping to restrain economic growth, interest rates were raised by British policymakers, making it more expensive to borrow for businesses and consumers.

(B) Making it more expensive for businesses and consumers to borrow, interest rates were raised by British policymakers, in hopes of their restraining economic growth.

(C) In making borrowing for businesses and consumers more expensive, British policymakers, in hopes they will restrain economic growth, had raised interest rates.

(D) Hopefully restraining economic growth, British policymakers raised interest rates, making more expensive borrowing by businesses and consumers.

(E) Hoping to restrain economic growth, British policymakers raised interest rates, making it more expensive for businesses and consumers to borrow.

_________________

Audaces fortuna juvat!

GMAT Club Premium Membership - big benefits and savings


Originally posted by PTK on 25 Oct 2010, 08:38.
Last edited by hazelnut on 03 Jan 2018, 02:00, edited 1 time in total.
Edited the question.
Intern
Intern
avatar
Joined: 26 Mar 2010
Posts: 34
Re: In hoping to restrain economic growth, interest rates were raised by  [#permalink]

Show Tags

New post 25 Oct 2010, 09:02
I think E b/c British policymakers should follow "hoping to restrain economic growth." Also, "making it more expensive for businesses and consumers to borrow" is succinct.
Intern
Intern
avatar
Joined: 26 Mar 2010
Posts: 34
Re: In hoping to restrain economic growth, interest rates were raised by  [#permalink]

Show Tags

New post 25 Oct 2010, 10:03
Shoot, guess I overlooked that the first time. In that case, A, B and E are out, leaving C and D. I don't think "hopefully" sounds right in D, but the "had raised interest rates" in C sounds kind of funny. Between the two though, I'd lean towards C.
Current Student
User avatar
Joined: 15 Jul 2010
Posts: 192
GMAT 1: 750 Q49 V42
Re: In hoping to restrain economic growth, interest rates were raised by  [#permalink]

Show Tags

New post Updated on: 25 Oct 2010, 11:04
I originally liked E.

Can 'it' in A and E represent 'to borrow'?

If not, I go with D.

All answer choices sound awful, including D.
_________________

Consider KUDOS if my post was helpful. :-D

My Debrief: http://gmatclub.com/forum/750-q49v42-105591.html#p825487


Originally posted by scheol79 on 25 Oct 2010, 10:55.
Last edited by scheol79 on 25 Oct 2010, 11:04, edited 1 time in total.
Retired Moderator
User avatar
D
Status: worked for Kaplan's associates, but now on my own, free and flying
Joined: 19 Feb 2007
Posts: 4482
Location: India
WE: Education (Education)
Re: In hoping to restrain economic growth, interest rates were raised by  [#permalink]

Show Tags

New post 25 Oct 2010, 11:38
4
A and B are wrong because of misplaced modification.

C is a horrible sentence with no semblance of balance of tense form, with the distant past prefect appearing along with a future tense.

D. Hopefully restringing is incongruous. You can’t hope to restrain and also same time have retrained; making more expensive borrowing is jarring.

E is the odd man out and ought to be right; the vexatious -it- can at best be holding a filler value, just as it does so often in normal and formal writing. needing no referent.

E.g: 1. Wanting to thwart Messy from scoring at will, the Spanish coach put three backs around him, making it difficult for him to pierce the cordon.

2. Seeking to prepare hard for the GMAT, Jack bolted to his farm house fifty miles away, making it difficult for his friends to disturb him.

Or am I wrong? I will wait until the OA and OE arrive.
_________________

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

Retired Moderator
User avatar
Status: battlecruiser, operational...
Joined: 25 Apr 2010
Posts: 935
Schools: Carey '16
Re: In hoping to restrain economic growth, interest rates were raised by  [#permalink]

Show Tags

New post 25 Oct 2010, 14:08
1
Got EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE :-)
_________________

GMAT Club Premium Membership - big benefits and savings

Manager
Manager
User avatar
Joined: 13 Apr 2010
Posts: 131
Location: singapore
Schools: Wharton,NY Stern,INSEAD,Stanford
GMAT ToolKit User
Re: In hoping to restrain economic growth, interest rates were raised by  [#permalink]

Show Tags

New post 01 Nov 2010, 02:54
E is correct

In B , ..their.... indicates ambiguity
_________________

Regards,
Nagesh
My GMAT Study Plan: http://gmatclub.com/forum/my-gmat-study-plan-112833.html
Idioms List : http://gmatclub.com/forum/gmat-idioms-104283.html?hilit=idioms#p813231
--------------------------------------
Consider Kudos if you like my posts

Intern
Intern
avatar
Joined: 03 Feb 2009
Posts: 1
Schools: HSW
Re: In hoping to restrain economic growth, interest rates were raised by  [#permalink]

Show Tags

New post 01 Nov 2010, 05:14
"IT" is simply a placeholder, it fits perfectly in E.
VP
VP
avatar
Status: There is always something new !!
Affiliations: PMI,QAI Global,eXampleCG
Joined: 08 May 2009
Posts: 1056
Re: In hoping to restrain economic growth, interest rates were raised by  [#permalink]

Show Tags

New post 03 Dec 2010, 20:02
Although E is a better sentence the pronoun it makes things confusing with no clear antecedent.Either interest rate or economic growth can be its referent.

C the tense is an issue since the effect should follow the cause and not the vice-versa.

I will say its a debatable OA.
Intern
Intern
avatar
Joined: 08 Aug 2010
Posts: 15
Re: In hoping to restrain economic growth, interest rates were raised by  [#permalink]

Show Tags

New post 03 Dec 2010, 20:07
Hoping to restrain economic growth is correctly modified by British Policymaker .....E is the best choice!
Intern
Intern
avatar
Joined: 18 Nov 2010
Posts: 27
Location: Richmond VA
Schools: ISB, IIMA (PGPX), IIMB (EMBA) & IIMC..
Re: In hoping to restrain economic growth, interest rates were raised by  [#permalink]

Show Tags

New post 11 Dec 2010, 10:39
00:43 sec.

IMO E. Everyone has explained....
Manager
Manager
User avatar
Joined: 30 Nov 2010
Posts: 224
Schools: UC Berkley, UCLA
Re: In hoping to restrain economic growth, interest rates were raised by  [#permalink]

Show Tags

New post 16 Dec 2010, 08:50
daagh wrote:
A and B are wrong because of misplaced modification.

C is a horrible sentence with no semblance of balance of tense form, with the distant past prefect appearing along with a future tense.

D. Hopefully restringing is incongruous. You can’t hope to restrain and also same time have retrained; making more expensive borrowing is jarring.

E is the odd man out and ought to be right; the vexatious -it- can at best be holding a filler value, just as it does so often in normal and formal writing. needing no referent.

E.g: 1. Wanting to thwart Messy from scoring at will, the Spanish coach put three backs around him, making it difficult for him to pierce the cordon.

2. Seeking to prepare hard for the GMAT, Jack bolted to his farm house fifty miles away, making it difficult for his friends to disturb him.

Or am I wrong? I will wait until the OA and OE arrive.


I originally went for E. Then came the discussion about what it refers to. Thanks for clearing that up Daagh!
_________________

Thank you for your kudoses Everyone!!!


"It always seems impossible until its done."
-Nelson Mandela

Intern
Intern
avatar
Joined: 02 Feb 2011
Posts: 30
Re: In hoping to restrain economic growth, interest rates were raised by  [#permalink]

Show Tags

New post 01 Mar 2011, 08:37
E by POE.
However, what does 'it' refer to in this sentence?
VP
VP
User avatar
Status: mission completed!
Joined: 02 Jul 2009
Posts: 1297
GPA: 3.77
GMAT ToolKit User Premium Member Reviews Badge
Re: In hoping to restrain economic growth, interest rates were raised by  [#permalink]

Show Tags

New post 01 Mar 2011, 08:58
WarriorAjay wrote:
E by POE.
However, what does 'it' refer to in this sentence?


I used this trick "and what is it?" to catch you and make you to doubt about the answer E. ;)

it refers to the process "to borrow".

Try to reread the second part as follows: ".....making borrowing more expensive for businesses and consumers"
_________________

Audaces fortuna juvat!

GMAT Club Premium Membership - big benefits and savings

Manager
Manager
avatar
Joined: 14 Dec 2010
Posts: 146
Location: India
Concentration: Technology, Entrepreneurship
GMAT 1: 680 Q44 V39
Re: In hoping to restrain economic growth, interest rates were raised by  [#permalink]

Show Tags

New post 02 Mar 2011, 03:04
I got E using POE. Initially, the 'it' was a problem, but seems harmless and acts as a place holder.
VP
VP
avatar
Joined: 16 Jul 2009
Posts: 1088
Schools: CBS
WE 1: 4 years (Consulting)
Re: In hoping to restrain economic growth, interest rates were raised by  [#permalink]

Show Tags

New post 21 Mar 2011, 13:27
Pkit wrote:
WarriorAjay wrote:
E by POE.
However, what does 'it' refer to in this sentence?


I used this trick "and what is it?" to catch you and make you to doubt about the answer E. ;)

it refers to the process "to borrow".

Try to reread the second part as follows: ".....making borrowing more expensive for businesses and consumers"


How can a pronoun ("it") refer to a verb "to borrow"?
Thanks.
_________________

The sky is the limit
800 is the limit


GMAT Club Premium Membership - big benefits and savings

VP
VP
avatar
Joined: 16 Jul 2009
Posts: 1088
Schools: CBS
WE 1: 4 years (Consulting)
Re: In hoping to restrain economic growth, interest rates were raised by  [#permalink]

Show Tags

New post 22 Mar 2011, 02:30
Onell wrote:
+1 for e


to what is "it" referrering?
thanks!
_________________

The sky is the limit
800 is the limit


GMAT Club Premium Membership - big benefits and savings

Retired Moderator
avatar
B
Joined: 16 Nov 2010
Posts: 1437
Location: United States (IN)
Concentration: Strategy, Technology
Premium Member Reviews Badge
Re: In hoping to restrain economic growth, interest rates were raised by  [#permalink]

Show Tags

New post 22 Mar 2011, 07:37
I think it can refer to "borrowing" as it's a gerund, a noun.

PKit, please correct me if I'm wrong.
_________________

Formula of Life -> Achievement/Potential = k * Happiness (where k is a constant)

GMAT Club Premium Membership - big benefits and savings

VP
VP
User avatar
Status: mission completed!
Joined: 02 Jul 2009
Posts: 1297
GPA: 3.77
GMAT ToolKit User Premium Member Reviews Badge
Re: In hoping to restrain economic growth, interest rates were raised by  [#permalink]

Show Tags

New post 22 Mar 2011, 08:19
subhashghosh wrote:
I think it can refer to "borrowing" as it's a gerund, a noun.

PKit, please correct me if I'm wrong.


yes, you are right.

it refers to "to borrow" or to process of borrowing as i stated above.
_________________

Audaces fortuna juvat!

GMAT Club Premium Membership - big benefits and savings

VP
VP
avatar
Joined: 16 Jul 2009
Posts: 1088
Schools: CBS
WE 1: 4 years (Consulting)
Re: In hoping to restrain economic growth, interest rates were raised by  [#permalink]

Show Tags

New post 22 Mar 2011, 12:19
How can a pronoun refer to a verb?
Thanks!

Pkit wrote:
subhashghosh wrote:
I think it can refer to "borrowing" as it's a gerund, a noun.

PKit, please correct me if I'm wrong.


yes, you are right.

it refers to "to borrow" or to process of borrowing as i stated above.

_________________

The sky is the limit
800 is the limit


GMAT Club Premium Membership - big benefits and savings

GMAT Club Bot
Re: In hoping to restrain economic growth, interest rates were raised by &nbs [#permalink] 22 Mar 2011, 12:19

Go to page    1   2    Next  [ 36 posts ] 

Display posts from previous: Sort by

In hoping to restrain economic growth, interest rates were raised by

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  


Copyright

GMAT Club MBA Forum Home| About| Terms and Conditions and Privacy Policy| GMAT Club Rules| Contact| Sitemap

Powered by phpBB © phpBB Group | Emoji artwork provided by EmojiOne

Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.