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

It is currently 18 Dec 2018, 09:56

In Progress:

Admit Calls from Ross Join Chat Room | McCombs Join Chat Room for Latest Updates


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
Events & Promotions in December
PrevNext
SuMoTuWeThFrSa
2526272829301
2345678
9101112131415
16171819202122
23242526272829
303112345
Open Detailed Calendar
  • Happy Christmas 20% Sale! Math Revolution All-In-One Products!

     December 20, 2018

     December 20, 2018

     10:00 PM PST

     11:00 PM PST

    This is the most inexpensive and attractive price in the market. Get the course now!
  • Key Strategies to Master GMAT SC

     December 22, 2018

     December 22, 2018

     07:00 AM PST

     09:00 AM PST

    Attend this webinar to learn how to leverage Meaning and Logic to solve the most challenging Sentence Correction Questions.

So that banks can continue to make loans to their customers, the Feder

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

Hide Tags

Math Expert
User avatar
V
Joined: 02 Sep 2009
Posts: 51280
So that banks can continue to make loans to their customers, the Feder  [#permalink]

Show Tags

New post 02 Jun 2018, 11:48
1
6
00:00
A
B
C
D
E

Difficulty:

  65% (hard)

Question Stats:

55% (01:57) correct 45% (01:58) wrong based on 374 sessions

HideShow timer Statistics

So that banks can continue to make loans to their customers, the Federal Reserve Bank has made discount loans available to the banks with a slightly lower interest rate than typical emergency loans.

(A) their customers, the Federal Reserve Bank has made discount loans available to the banks with a slightly lower interest rate than typical emergency loans

(B) their customers, the Federal Reserve Bank has made discount loans available that are slightly lower to the banks than the interest rates available with typical emergency loans

(C) their customers, the Federal Reserve Bank has made available to the banks discount loans that have interest rates that are slightly lower than typical emergency loan rates

(D) customers, the Federal Reserve Bank made discount loans available to the banks with interest rates that are slightly lower than typical emergency loans

(E) customers, the Federal Reserve Bank has made available to the banks discount loans with interest rates that are slightly lower than typical emergency loans

_________________

New to the Math Forum?
Please read this: Ultimate GMAT Quantitative Megathread | All You Need for Quant | PLEASE READ AND FOLLOW: 12 Rules for Posting!!!

Resources:
GMAT Math Book | Triangles | Polygons | Coordinate Geometry | Factorials | Circles | Number Theory | Remainders; 8. Overlapping Sets | PDF of Math Book; 10. Remainders | GMAT Prep Software Analysis | SEVEN SAMURAI OF 2012 (BEST DISCUSSIONS) | Tricky questions from previous years.

Collection of Questions:
PS: 1. Tough and Tricky questions; 2. Hard questions; 3. Hard questions part 2; 4. Standard deviation; 5. Tough Problem Solving Questions With Solutions; 6. Probability and Combinations Questions With Solutions; 7 Tough and tricky exponents and roots questions; 8 12 Easy Pieces (or not?); 9 Bakers' Dozen; 10 Algebra set. ,11 Mixed Questions, 12 Fresh Meat

DS: 1. DS tough questions; 2. DS tough questions part 2; 3. DS tough questions part 3; 4. DS Standard deviation; 5. Inequalities; 6. 700+ GMAT Data Sufficiency Questions With Explanations; 7 Tough and tricky exponents and roots questions; 8 The Discreet Charm of the DS; 9 Devil's Dozen!!!; 10 Number Properties set., 11 New DS set.


What are GMAT Club Tests?
Extra-hard Quant Tests with Brilliant Analytics

Manager
Manager
avatar
B
Joined: 16 Apr 2018
Posts: 72
Re: So that banks can continue to make loans to their customers, the Feder  [#permalink]

Show Tags

New post 03 Jun 2018, 00:09
Bunuel wrote:
So that banks can continue to make loans to their customers, the Federal Reserve Bank has made discount loans available to the banks with a slightly lower interest rate than typical emergency loans.


A. their customers, the Federal Reserve Bank has made discount loans available to the banks with a slightly lower interest rate than typical emergency loans

B. their customers, the Federal Reserve Bank has made discount loans available that are slightly lower to the banks than the interest rates available with typical emergency loans

C. their customers, the Federal Reserve Bank has made available to the banks discount loans that have interest rates that are slightly lower than typical emergency loan rates

D. customers, the Federal Reserve Bank made discount loans available to the banks with interest rates that are slightly lower than typical emergency loans

E. customers, the Federal Reserve Bank has made available to the banks discount loans with interest rates that are slightly lower than typical emergency loans


Comparison question. Rate with Rate. Only C compare correct things.
Answer - C
Intern
Intern
avatar
B
Joined: 15 Apr 2017
Posts: 42
Re: So that banks can continue to make loans to their customers, the Feder  [#permalink]

Show Tags

New post 03 Jun 2018, 12:23
D

A,B,C,E all have has, past tense and the stem says "So that banks CAN continue"

if you want to use has then it should be COULD instead of CAN
Senior Manager
Senior Manager
User avatar
G
Joined: 29 Dec 2017
Posts: 383
Location: United States
Concentration: Marketing, Technology
GMAT 1: 630 Q44 V33
GMAT 2: 690 Q47 V37
GMAT 3: 710 Q50 V37
GPA: 3.25
WE: Marketing (Telecommunications)
Re: So that banks can continue to make loans to their customers, the Feder  [#permalink]

Show Tags

New post 03 Jun 2018, 16:25
spatel2 wrote:
D

A,B,C,E all have has, past tense and the stem says "So that banks CAN continue"

if you want to use has then it should be COULD instead of CAN


(D) is not parallel: the Federal Reserve Bank made discount loans available to the banks with interest rates that are slightly lower than typical emergency loans
Math Expert
User avatar
V
Joined: 02 Sep 2009
Posts: 51280
Re: So that banks can continue to make loans to their customers, the Feder  [#permalink]

Show Tags

New post 10 Jun 2018, 02:26
Bunuel wrote:
So that banks can continue to make loans to their customers, the Federal Reserve Bank has made discount loans available to the banks with a slightly lower interest rate than typical emergency loans.

(A) their customers, the Federal Reserve Bank has made discount loans available to the banks with a slightly lower interest rate than typical emergency loans

(B) their customers, the Federal Reserve Bank has made discount loans available that are slightly lower to the banks than the interest rates available with typical emergency loans

(C) their customers, the Federal Reserve Bank has made available to the banks discount loans that have interest rates that are slightly lower than typical emergency loan rates

(D) customers, the Federal Reserve Bank made discount loans available to the banks with interest rates that are slightly lower than typical emergency loans

(E) customers, the Federal Reserve Bank has made available to the banks discount loans with interest rates that are slightly lower than typical emergency loans


VERITAS PREP OFFICIAL SOLUTION:



The primary objective in this Comparison question is making sure that you're constructing a logical comparison, that you're comparing like things. Note that several answer choices compare "interest rates" (in the new loans) to "typical emergency loans." You need to compare rates to rates - it's that the interest rates on these new loans are lower than the rates of the typical loans.

Only choices (B) and (C) take care to include "rates" in the second item of the comparison (typical emergency loan rates), so you can eliminate (A), (D), and (E). And with (B),. note that "interest rates" is not part of the first item (the new discount loans) so it makes the same mistake, just on the other item of the comparison. Only choice (C) properly compares interest rates to interest rates, so (C) is correct.
_________________

New to the Math Forum?
Please read this: Ultimate GMAT Quantitative Megathread | All You Need for Quant | PLEASE READ AND FOLLOW: 12 Rules for Posting!!!

Resources:
GMAT Math Book | Triangles | Polygons | Coordinate Geometry | Factorials | Circles | Number Theory | Remainders; 8. Overlapping Sets | PDF of Math Book; 10. Remainders | GMAT Prep Software Analysis | SEVEN SAMURAI OF 2012 (BEST DISCUSSIONS) | Tricky questions from previous years.

Collection of Questions:
PS: 1. Tough and Tricky questions; 2. Hard questions; 3. Hard questions part 2; 4. Standard deviation; 5. Tough Problem Solving Questions With Solutions; 6. Probability and Combinations Questions With Solutions; 7 Tough and tricky exponents and roots questions; 8 12 Easy Pieces (or not?); 9 Bakers' Dozen; 10 Algebra set. ,11 Mixed Questions, 12 Fresh Meat

DS: 1. DS tough questions; 2. DS tough questions part 2; 3. DS tough questions part 3; 4. DS Standard deviation; 5. Inequalities; 6. 700+ GMAT Data Sufficiency Questions With Explanations; 7 Tough and tricky exponents and roots questions; 8 The Discreet Charm of the DS; 9 Devil's Dozen!!!; 10 Number Properties set., 11 New DS set.


What are GMAT Club Tests?
Extra-hard Quant Tests with Brilliant Analytics

Intern
Intern
avatar
B
Joined: 13 Jun 2015
Posts: 9
GMAT ToolKit User CAT Tests
Re: So that banks can continue to make loans to their customers, the Feder  [#permalink]

Show Tags

New post 23 Aug 2018, 13:15
1
I do understand that rates should be compared to rates. However, I think that "their customers" introduces a pronoun error. Would it be apt to state that the way "their customers" is used right at the end of the clause and before the subject "Federal Bank", may lead to confusion regarding whose customers are actually being referred to - the Federal Bank's or the other banks'? Would it be incorrect to assume that the Federal Bank may have its own customers (internal or external)?
mikemcgarry, GMATNinja, Bunuel - could you please throw some light on this?
Intern
Intern
avatar
B
Joined: 24 Jul 2013
Posts: 27
Re: So that banks can continue to make loans to their customers, the Feder  [#permalink]

Show Tags

New post 25 Aug 2018, 21:53
Check the meaning.

A-> banks do not have a slightly lower interest rates - OUT
B-> discount loans are lower than interest rates - OUT
C-> compares interest rates. Interest rates are lower. KEEP
D->again, banks do not have lower interest rates. Complete mess of the meaning. - OUT
E->discount loans with interest rates is lower than typical emergency loans. - OUT

So, C is the answer.


Bunuel wrote:
So that banks can continue to make loans to their customers, the Federal Reserve Bank has made discount loans available to the banks with a slightly lower interest rate than typical emergency loans.

(A) their customers, the Federal Reserve Bank has made discount loans available to the banks with a slightly lower interest rate than typical emergency loans

(B) their customers, the Federal Reserve Bank has made discount loans available that are slightly lower to the banks than the interest rates available with typical emergency loans

(C) their customers, the Federal Reserve Bank has made available to the banks discount loans that have interest rates that are slightly lower than typical emergency loan rates

(D) customers, the Federal Reserve Bank made discount loans available to the banks with interest rates that are slightly lower than typical emergency loans

(E) customers, the Federal Reserve Bank has made available to the banks discount loans with interest rates that are slightly lower than typical emergency loans
Director
Director
User avatar
P
Joined: 08 Jun 2013
Posts: 519
Location: India
Schools: INSEAD Jan '19
GMAT 1: 200 Q1 V1
GPA: 3.82
WE: Engineering (Other)
GMAT ToolKit User Premium Member
Re: So that banks can continue to make loans to their customers, the Feder  [#permalink]

Show Tags

New post 26 Aug 2018, 02:04
shubhajit wrote:
I do understand that rates should be compared to rates. However, I think that "their customers" introduces a pronoun error. Would it be apt to state that the way "their customers" is used right at the end of the clause and before the subject "Federal Bank", may lead to confusion regarding whose customers are actually being referred to - the Federal Bank's or the other banks'? Would it be incorrect to assume that the Federal Bank may have its own customers (internal or external)?
mikemcgarry, GMATNinja, Bunuel - could you please throw some light on this?


Hey shubhajit

Federal Bank - singular noun - "their" doesn't go with it.

Pronoun "their" has clear antecedent in "banks".

Hope this helps!!
_________________

It seems Kudos button not working correctly with all my posts...

Please check if it is working with this post......

is it?....

Anyways...Thanks for trying :cool:

Manager
Manager
avatar
B
Joined: 10 Apr 2018
Posts: 108
Concentration: Leadership, Operations
GPA: 3.56
WE: Engineering (Computer Software)
Re: So that banks can continue to make loans to their customers, the Feder  [#permalink]

Show Tags

New post 26 Aug 2018, 09:00
ritusinha22 wrote:
C


Sent from my iPhone using GMAT Club Forum mobile app

Can you please elaborate the logic behind PoE (points of elimination) that lead to this answer.
_________________



The Graceful
----------------------------------------------------------
Every EXPERT was a beginner once...
Don't look at the clock. Do what it does, keep going
..
To achieve great things, two things are needed:a plan and not quite enough time - Leonard Bernstein.

GMAT Club Bot
Re: So that banks can continue to make loans to their customers, the Feder &nbs [#permalink] 26 Aug 2018, 09:00
Display posts from previous: Sort by

So that banks can continue to make loans to their customers, the Feder

  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®.