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# The globalization of financial-services companies has been a

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Director
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The globalization of financial-services companies has been a [#permalink]

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31 Jul 2005, 16:04
00:00

Difficulty:

5% (low)

Question Stats:

82% (01:34) correct 18% (00:39) wrong based on 231 sessions

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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

Please explain
[Reveal] Spoiler: OA

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Last edited by Zarrolou on 22 Jul 2013, 07:28, edited 1 time in total.
Added OA.
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31 Jul 2005, 16:59
ranga41 wrote:
I will choose E, idiomatic and precise...

What about B, which removes it which might be referring to launderes incorrectly
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31 Jul 2005, 17:20
B is wrong because we do not what allowing mofidies. Launders or globalization. Moreover, we need to tell the reason why The globalization of financial-services companies has been a boon to money launders and it can only be achieved best by a seperate clause...

E fits it well.
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31 Jul 2005, 17:32
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E make sense. the strucutre is:

Because + Clause
Because of + Noun Phrase

so A and B donot agree with any of the above structures. only C,D and E meet the first structure. C and D, both, are ungramatical.
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31 Jul 2005, 18:16
saurya_s wrote:
ranga41 wrote:
I will choose E, idiomatic and precise...

What about B, which removes it which might be referring to launderes incorrectly

It cannot refer to money launderers who are plural, globalization is the only singular noun in the sentence...so i will stick to E
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01 Aug 2005, 04:12
saurya_s wrote:
ranga41 wrote:
I will choose E, idiomatic and precise...

What about B, which removes it which might be referring to launderes incorrectly

B changed the original meaning of the sentence. I will vote for E as well.
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01 Aug 2005, 11:30
"because" is a conjunction and should be followed by a clause. B has a participial phrase with no verb. Hence, only E is left.
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01 Aug 2005, 11:37
E

A, B out -> because of
C out -> the structre problem
D out -> 'have been placed' is problematic
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07 Aug 2005, 17:19
HIMALAYA wrote:
E make sense. the strucutre is:

Because + Clause
Because of + Noun Phrase

so A and B donot agree with any of the above structures. only C,D and E meet the first structure. C and D, both, are ungramatical.

Himalaya,
Can u plz explain this concept. Doesn't B fit the second structre - Because of + Noun Phrase
S
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Re: [#permalink]

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29 Jul 2010, 05:40
Paul wrote:
"because" is a conjunction and should be followed by a clause. B has a participial phrase with no verb. Hence, only E is left.

B is a "because of" construction, not a "because" one, so since it has no verb, it could actually be correct.
please clarify.
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Re: SC Globalization [#permalink]

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29 Jul 2010, 08:40
I got for E. Clear and Precise. What is the OA?
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Re: SC Globalization [#permalink]

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29 Jul 2010, 12:59
OA is E,
Could anybody explain whats wrong with B?
Thanks,
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Re: SC Globalization [#permalink]

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29 Jul 2010, 13:56

The tense form of underlined sentence is - present perfect - has been. Hence the tense form in underlined word should be - simple present.

From this you can remove answer choices A and B, left with C, D and E. C is awkward and confusing. D has wrong tense form - have been. E meets all the requirements.

Hence the correct answer choice is E.

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
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The globalization of financial-services [#permalink]

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22 Jul 2013, 07:27
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The globalization of financial-services companies has been a boon to money launderers, 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 alowing 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 having 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

Last edited by Zarrolou on 22 Jul 2013, 07:29, edited 1 time in total.
Merging similar topics.
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Re: The globalization of financial-services [#permalink]

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22 Jul 2013, 07:38
ksung84 wrote:
The globalization of financial-services companies has been a boon to money launderers, 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 alowing 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 having 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

I would like to discuss what "it" is referring to as used in answer choices C, D and E. Moreover what is wrong with B?
Regards
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Re: The globalization of financial-services companies has been a [#permalink]

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22 Jul 2013, 23:44
E is the only one that makes sense to me
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Re: The globalization of financial-services [#permalink]

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23 Jul 2013, 12:56
Marcab wrote:
ksung84 wrote:
The globalization of financial-services companies has been a boon to money launderers, 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 alowing 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 having 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

I would like to discuss what "it" is referring to as used in answer choices C, D and E. Moreover what is wrong with B?
Regards

Per my understanding, "It" refers to "Globalization"...So "Globalization allows money placed in a ......."

B is wrong. Reason is the distinction between "Because of" vs "Because"......"Because of" is a prepositional phrase and must always be followed by a noun or a noun phrase and not a clause. "Because" is followed by a clause. Option B violates this rule.
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Re: The globalization of financial-services companies has been a [#permalink]

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29 Jul 2013, 00:35
It refers to globalization and we need subjunctive.. C (That + is) and D ( tense issue have been) does this incorrectly.

E is best!
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Re: The globalization of financial-services companies has been a [#permalink]

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Re: The globalization of financial-services companies has been a [#permalink]

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09 Aug 2016, 03:07
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.

meaning - globalization is allowing money transfer from X to Y.

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

because of +verb-ing is always wrong.

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

Allow take "to" infinitive..SO E
Re: The globalization of financial-services companies has been a   [#permalink] 09 Aug 2016, 03:07
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