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Re: The globalization of financial-services companies has been a boon to [#permalink]
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tkorzhan1995 wrote:
GMATNinja, can you please explain why C is not correct?

Meaning! "Allow," on its own, often means "permit." But the phrase "allows that" conveys something more like "grant that" or "concede." For example:

    Tim allows that he's been a negligent father, but he's also incredibly fun, as shown by his tendency to juggle gas-powered torches over the baby's crib.

Here, Tim isn't giving permission for anything. Rather, he's conceding a point: namely, that he's been a bad dad.

But that interpretation makes no sense in (C). The globalization of financial services isn't conceding that money in a bank might be transferred. Rather, the globalization of financial services is permitting the money to be transferred. This is precisely the meaning we get in (E) with the phrase "allow... to be."

I hope that helps!
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Re: The globalization of financial-services companies has been a boon to [#permalink]
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dcoolguy wrote:
Hi experts,

Why not C over E?

As GMAT Ninja said in this post, the meaning conveyed by the (C) version is nonsensical.

Read literally, the (C) version conveys that "it," or "The globalization of financial-services companies," "allows that," meaning "concedes that," "money placed in a bank in a less regulated jurisdiction to be transferred to a branch in a more regulated one," as if "The globalization of financial-services companies" can concede that something is true.
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Re: The globalization of financial-services companies has been a boon to [#permalink]
can anyone please explain why 'C' is wrong apart from it being awkward? Being a non-native speaker, I do not want to bank on intuition or sounding awkward as a reason to eliminate an answer choice.
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Re: The globalization of financial-services companies has been a boon to [#permalink]
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rashwiniyer wrote:
can anyone please explain why 'C' is wrong apart from it being awkward? Being a non-native speaker, I do not want to bank on intuition or sounding awkward as a reason to eliminate an answer choice.

Try checking out this post, and let us know if that doesn't help!
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Re: The globalization of financial-services companies has been a boon to [#permalink]
Hello from the GMAT Club VerbalBot!

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