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The globalization of financial-services companies has been a boon to

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

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New post Updated on: 03 May 2018, 00:39
2
18
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A
B
C
D
E

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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

Originally posted by saurya_s on 31 Jul 2005, 15:04.
Last edited by hazelnut on 03 May 2018, 00:39, edited 2 times in total.
Formatted the question.
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Re: The globalization of financial-services companies has been a boon to  [#permalink]

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New post 19 Aug 2017, 10:32
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Solution 1

Any time an underlined portion begins with a preposition - especially if some answer choices contain a preposition and some do not - it's likely that the GMAT is testing IDIOMS.

In option B, ‘because of allowing the transfer’ is unidiomatic.
‘because of’ must be followed by a noun.
The command subjunctive applies only when there is some ‘bossiness’ involved. ‘allow’ is clearly not bossy and we don’t need a bossy word here. Therefore, ‘allows that’ doesn’t make sense.

BECAUSE + OF must be followed by a noun only:
Because of you, I never strayed too far from the sidewalks... (remember that song?)

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.
Since we're discussing the action of allowing the transfer of money, we shouldn't use OF. Eliminate A and B.
D contains a violation of subject-verb agreement: "the transfer of money have been placed..."
Between C and E, we have two different idiomatic structures: ALLOW THAT and ALLOW TO. Both of these could be correct, but in different contexts. Option C is unidiomatic.
Correct structure is –
allow X to do Y – infinitive
Structure of option D is incorrect
It allows X have been … Two verbs with no connector
it allows the transfer of money have been placed in a bank

ALLOW THAT is not very common in modern English, though it may still be considered correct by some grammarians. 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.

ALLOW ___ TO BE ____ is the much more common version of the idiom. (More common versions of idioms are almost always found in correct answers). The correct answer is E.
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New post 31 Jul 2005, 15:59
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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New post 31 Jul 2005, 16:20
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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New post 31 Jul 2005, 16:32
3
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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Re: The globalization of financial-services companies has been a boon to  [#permalink]

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New post 31 Jul 2005, 17:16
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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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New post 01 Aug 2005, 03:12
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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New post 01 Aug 2005, 10:30
"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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New post 01 Aug 2005, 10:37
E

A, B out -> because of
C out -> the structre problem
D out -> 'have been placed' is problematic
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New post 07 Aug 2005, 16:19
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
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Re: The globalization of financial-services companies has been a boon to  [#permalink]

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New post 29 Jul 2010, 04:40
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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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New post 29 Jul 2010, 11:59
OA is E,
Could anybody explain whats wrong with B?
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New post 29 Jul 2010, 12:56

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 companies has been a  [#permalink]

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New post Updated on: 26 Nov 2017, 03:07
1
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

Originally posted by raghavs on 07 Oct 2010, 10:12.
Last edited by Skywalker18 on 26 Nov 2017, 03:07, edited 1 time in total.
formatted
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Re: The globalization of financial-services companies has been a  [#permalink]

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New post 07 Oct 2010, 10:30
1
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.
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Re: The globalization of financial-services companies has been a  [#permalink]

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New post 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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New post Updated on: 22 Jul 2013, 06:29
1
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

Originally posted by ksung84 on 22 Jul 2013, 06:27.
Last edited by Zarrolou on 22 Jul 2013, 06:29, edited 1 time in total.
Merging similar topics.
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Re: The globalization of financial-services companies has been a boon to  [#permalink]

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New post 22 Jul 2013, 06:38
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?
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New post 23 Jul 2013, 11:56
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 boon to  [#permalink]

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New post 28 Jul 2013, 23:35
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 boon to   [#permalink] 28 Jul 2013, 23:35

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