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PTK
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daagh
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yamikikyou
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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.
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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.
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Got EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE :-)
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E is correct

In B , ..their.... indicates ambiguity
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"IT" is simply a placeholder, it fits perfectly in E.
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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.
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Hoping to restrain economic growth is correctly modified by British Policymaker .....E is the best choice!
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00:43 sec.

IMO E. Everyone has explained....
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daagh
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!
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E by POE.
However, what does 'it' refer to in this sentence?
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WarriorAjay
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"
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I got E using POE. Initially, the 'it' was a problem, but seems harmless and acts as a place holder.
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WarriorAjay
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.
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Onell
+1 for e

to what is "it" referrering?
thanks!
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I think it can refer to "borrowing" as it's a gerund, a noun.

PKit, please correct me if I'm wrong.
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subhashghosh
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.
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How can a pronoun refer to a verb?
Thanks!

Pkit
subhashghosh
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.
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