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# The globalization of financial-services companies has been a

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Manager
Joined: 13 Aug 2009
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WE 1: 4 years in IT
The globalization of financial-services companies has been a [#permalink]

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07 Oct 2010, 10:12
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The globalization of financial-services companies has been a boon to money launders, because of allowing money placed in a bank in a less regulated jurisdiction to be transferred to a branch in a more regulated one.
A. of allowing money placed in a bank in a less regulated jurisdiction to be transferred
B. of allowing the transfer of money placed in a bank in a less regulated jurisdiction
C. it allows that money placed in a bank in a less regulated jurisdiction is transferred
D. it allows the transfer of money have been placed in a bank in a less regulated jurisdiction
E. it allows money placed in a bank in a less regulated jurisdiction to be transferred
[Reveal] Spoiler: OA

Last edited by Skywalker18 on 26 Nov 2017, 03:07, edited 1 time in total.
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Re: The globalization of financial-services companies has been a [#permalink]

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07 Oct 2010, 10:30
1
KUDOS
raghavs wrote:
The globalization of financial-services companies has been a boon to money launders,
because of allowing money placed in a bank in a less regulated jurisdiction to be
transferred
to a branch in a more regulated one.
A. of allowing money placed in a bank in a less regulated jurisdiction to be
transferred
B. of allowing the transfer of money placed in a bank in a less regulated jurisdiction
C. it allows that money placed in a bank in a less regulated jurisdiction is transferred
D. it allows the transfer of money have been placed in a bank in a less regulated
jurisdiction
E. it allows money placed in a bank in a less regulated jurisdiction to be transferred

You can eliminate options A and B, because it says "because of allowing" which is incorrect.

Now, among C, D and E:

C: It allows that money placed in a bank ...... is transferred - This is clearly an awkward construction.
D: "Money have been placed" - This is incorrect sentence structure, on many counts. Even if everything else was right, transfer of money have been placed is awkward, and the use of "have" is incorrect here.
E: This is correct.
Manager
Joined: 02 Oct 2010
Posts: 142
Re: The globalization of financial-services companies has been a [#permalink]

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03 Jan 2011, 14:55
This was a simple one.
The answer is definitely E.
A&B- Of allowing is gramatically worong.
C- It allows that id wordy
D- use of have been makes the sentence wrong
E- the bets answer..
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Re: The globalization of financial-services companies has been a [#permalink]

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05 Oct 2016, 21:05
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Manager
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Re: The globalization of financial-services companies has been a [#permalink]

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02 Sep 2017, 05:11
raghavs wrote:
The globalization of financial-services companies has been a boon to money launders,
because of allowing money placed in a bank in a less regulated jurisdiction to be
transferred
to a branch in a more regulated one.
A. of allowing money placed in a bank in a less regulated jurisdiction to be
transferred
B. of allowing the transfer of money placed in a bank in a less regulated jurisdiction
C. it allows that money placed in a bank in a less regulated jurisdiction is transferred
D. it allows the transfer of money have been placed in a bank in a less regulated
jurisdiction
E. it allows money placed in a bank in a less regulated jurisdiction to be transferred

Cant "it" refer to both BOON and Globalization?
Verbal Forum Moderator
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Re: The globalization of financial-services companies has been a [#permalink]

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26 Nov 2017, 03:13
The globalization of financial-services companies has been a boon to money launders, because of allowing money placed in a bank in a less regulated jurisdiction to be transferred to a branch in a more regulated one.
A. of allowing money placed in a bank in a less regulated jurisdiction to be transferred - BECAUSE + OF must be followed by a noun only . Since we're discussing the action of allowing the transfer of money, we shouldn't use OF .
B. of allowing the transfer of money placed in a bank in a less regulated jurisdiction - Same as A
C. it allows that money placed in a bank in a less regulated jurisdiction is transferred - It is used primarily in the context of acknowledgment/belief: "I allow that she is very accomplished" = I admit or acknowledge.
If it's used in the context of permission, it must be used in the command subjunctive:
"... it allows that money... BE transferred..." rather than "is transferred." C is therefore incorrect.
D. it allows the transfer of money have been placed in a bank in a less regulated jurisdiction - subject-verb agreement issue - the transfer needs HAS
E. it allows money placed in a bank in a less regulated jurisdiction to be transferred - Correct

BECAUSE + [no preposition] will be followed by an action - a clause. Compare these two:
I couldn't play kickball because of my sprained ankle.
I couldn't play kickball because I sprained my ankle.
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Manager
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Re: The globalization of financial-services companies has been a [#permalink]

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27 Nov 2017, 00:38
Skywalker18 wrote:
The globalization of financial-services companies has been a boon to money launders, because of allowing money placed in a bank in a less regulated jurisdiction to be transferred to a branch in a more regulated one.
A. of allowing money placed in a bank in a less regulated jurisdiction to be transferred - BECAUSE + OF must be followed by a noun only . Since we're discussing the action of allowing the transfer of money, we shouldn't use OF .
B. of allowing the transfer of money placed in a bank in a less regulated jurisdiction - Same as A
C. it allows that money placed in a bank in a less regulated jurisdiction is transferred - It is used primarily in the context of acknowledgment/belief: "I allow that she is very accomplished" = I admit or acknowledge.
If it's used in the context of permission, it must be used in the command subjunctive:
"... it allows that money... BE transferred..." rather than "is transferred." C is therefore incorrect.
D. it allows the transfer of money have been placed in a bank in a less regulated jurisdiction - subject-verb agreement issue - the transfer needs HAS
E. it allows money placed in a bank in a less regulated jurisdiction to be transferred - Correct

BECAUSE + [no preposition] will be followed by an action - a clause. Compare these two:
I couldn't play kickball because of my sprained ankle.
I couldn't play kickball because I sprained my ankle.

Hi Skywalker,
Cant we eliminate C on the basis that allows that takes subjunctive form and for that the verb be is required. Subjunctive form- Noun/ Pronoun allows that X be Y.
Re: The globalization of financial-services companies has been a   [#permalink] 27 Nov 2017, 00:38
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# The globalization of financial-services companies has been a

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