It is currently 20 Oct 2017, 14:56

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

Events & Promotions in June
Open Detailed Calendar

The prime lending rate is a key rate in the economy: not

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

Hide Tags

3 KUDOS received
Manager
Manager
User avatar
Joined: 12 Apr 2009
Posts: 210

Kudos [?]: 243 [3], given: 4

The prime lending rate is a key rate in the economy: not [#permalink]

Show Tags

New post 27 May 2009, 21:38
3
This post received
KUDOS
20
This post was
BOOKMARKED
00:00
A
B
C
D
E

Difficulty:

  65% (hard)

Question Stats:

51% (01:13) correct 49% (01:13) wrong based on 1560 sessions

HideShow timer Statistics

The prime lending rate is a key rate in the economy: not only are the interest rates on most loans to small and medium-sized businesses tied to the prime, but also on a growing number of consumer loans, including home equity loans.

(A) not only are the interest rates on most loans to small and medium-sized businesses tied to the prime, but also on
(B) tied to the prime are the interest rates not only on most loans to small and medium-sized businesses, but also on
(C) the interest rates not only on most loans to small and medium-sized businesses are tied to the prime, but also
(D) not only the interest rates on most loans to small and medium-sized businesses are tied to the prime, but also on
(E) the interest rates are tied to the prime, not only on most loans to small and medium-sized businesses, but also
[Reveal] Spoiler: OA

_________________

-talent is the desire to practice-

Kudos [?]: 243 [3], given: 4

5 KUDOS received
Senior Manager
Senior Manager
avatar
Joined: 01 Mar 2009
Posts: 367

Kudos [?]: 96 [5], given: 24

Location: PDX
Re: Prime Lending Rate [#permalink]

Show Tags

New post 15 Oct 2009, 23:08
5
This post received
KUDOS
tejal777 wrote:
guys..true that only option b supports parallism..but what confused me was "..tied to the prime are the interest rates.." is'nt that a passive construction??


No this is not a passive construction, just a different way of framing the sentence. To give an analogy.

Gone are the days of cheap gas.
The days of cheap gas are gone.

The voice here still remains active. Makes sense ?
_________________

In the land of the night, the chariot of the sun is drawn by the grateful dead

Kudos [?]: 96 [5], given: 24

4 KUDOS received
Verbal Forum Moderator
Verbal Forum Moderator
User avatar
Joined: 16 Jun 2012
Posts: 1127

Kudos [?]: 3480 [4], given: 123

Location: United States
Premium Member
Re: The prime lending rate is a key rate in the economy: not [#permalink]

Show Tags

New post 10 Oct 2013, 23:33
4
This post received
KUDOS
1
This post was
BOOKMARKED
Only B correct. You can see the non-underlined part "The prime lending rate is a key rate in the economy:............" Technically, after the colon, there is an explanation for the part before the colon. The sentence is about "the prime lending rate". <== KEY to solve this question.

The prime lending rate is a key rate in the economy: not only are the interest rates on most loans to small and medium-sized businesses tied to the prime, but also on a growing number of consumer loans, including home equity loans.

(A) not only are the interest rates on most loans to small and medium-sized businesses tied to the prime, but also on
Wrong.
- Parallelism problem: Not only [are the interest rates]...., but also on [a growing number of consumer loan].
- Meaning problem: A means only interest rates on loan to S&M business tied to the prime! How about consumer loan?. Keep in mind, the main subject of the sentence is "The PRIME lending rate" + colon ==> both business loans and consumer loans are tied to the prime.

(B) tied to the prime are the interest rates not only on most loans to small and medium-sized businesses, but also on
Correct.

(C) the interest rates not only on most loans to small and medium-sized businesses are tied to the prime, but also
Wrong.
- Parallelism problem: Not only on,....but also..........(without "on")

(D) not only the interest rates on most loans to small and medium-sized businesses are tied to the prime, but also on
Wrong.
- Parallelism problem: Not only [the interest rates] on most loan...., but also on [a growing number of consumer loan].
- Meaning problem: A means only interest rates on loan to S&M business tied to the prime! How about consumer loan. ==> Refer to the explanation on A.


(E) the interest rates are tied to the prime, not only on most loans to small and medium-sized businesses, but also
Wrong.
- Parallelism problem: Not only on,....but also..........(without "on")

Hope it helps.
_________________

Please +1 KUDO if my post helps. Thank you.

"Designing cars consumes you; it has a hold on your spirit which is incredibly powerful. It's not something you can do part time, you have do it with all your heart and soul or you're going to get it wrong."

Chris Bangle - Former BMW Chief of Design.

Kudos [?]: 3480 [4], given: 123

2 KUDOS received
SVP
SVP
User avatar
Joined: 29 Aug 2007
Posts: 2472

Kudos [?]: 843 [2], given: 19

Re: Prime Lending Rate [#permalink]

Show Tags

New post 27 May 2009, 21:45
2
This post received
KUDOS
1
This post was
BOOKMARKED
nightwing79 wrote:
The prime lending rate is a key rate in the economy: not only are the interest rates on most loans to small and medium-sized businesses tied to the prime, but also on a growing number of consumer loans, including home equity loans.

A. not only are the interest rates on most loans to small and medium-sized businesses tied to the prime, but also on
B. tied to the prime are the interest rates not only on most loans to small and medium-sized businesses, but also on
C. the interest rates not only on most loans to small and medium-sized businesses are tied to the prime, but also
D. not only the interest rates on most loans to small and medium-sized businesses are tied to the prime, but also on
E. the interest rates are tied to the prime, not only on most loans to small and medium-sized businesses, but also


B. llism: not only on x, but also on y.
_________________

Verbal: http://gmatclub.com/forum/new-to-the-verbal-forum-please-read-this-first-77546.html
Math: http://gmatclub.com/forum/new-to-the-math-forum-please-read-this-first-77764.html
Gmat: http://gmatclub.com/forum/everything-you-need-to-prepare-for-the-gmat-revised-77983.html


GT

Kudos [?]: 843 [2], given: 19

1 KUDOS received
Manager
Manager
avatar
Affiliations: CFA Level 2 Candidate
Joined: 29 Jun 2009
Posts: 220

Kudos [?]: 283 [1], given: 2

Schools: RD 2: Darden Class of 2012
Re: Prime Lending Rate [#permalink]

Show Tags

New post 15 Oct 2009, 08:46
1
This post received
KUDOS
These choices all seem bad.

Agree construction should be not only on X but also on Y.
This removes A,C,D

I would go with E. Is B correct because of a modifier issue?

Kudos [?]: 283 [1], given: 2

1 KUDOS received
Intern
Intern
avatar
Joined: 30 Aug 2010
Posts: 10

Kudos [?]: 1 [1], given: 0

Location: INDIA
Re: Prime Lending Rate [#permalink]

Show Tags

New post 01 Oct 2010, 11:34
1
This post received
KUDOS
I opted for E but i didnt notice the missing word 'on' at the end of the sentence ... It has to be option B...

Kudos [?]: 1 [1], given: 0

1 KUDOS received
Intern
Intern
avatar
Status: At the end all are winners, Some just take a little more time to win.
Joined: 08 Oct 2013
Posts: 20

Kudos [?]: 8 [1], given: 45

Location: India
Concentration: Finance, Accounting
GMAT Date: 11-20-2013
GPA: 3.97
WE: Consulting (Computer Software)
Re: Prime Lending Rate [#permalink]

Show Tags

New post 29 Oct 2013, 04:48
1
This post received
KUDOS
siyer wrote:
I went with E. E also supports parallelism and it seems to be better formed than B.


Just to make sure that you get the answer: The option E is missing the "ON" word at the end.
That is disastrous to the parallelism we require. So the only option with Correct parallelism and clear concise meaning has to be "B"

Kudos [?]: 8 [1], given: 45

Director
Director
User avatar
Joined: 25 Oct 2008
Posts: 593

Kudos [?]: 1137 [0], given: 100

Location: Kolkata,India
Re: Prime Lending Rate [#permalink]

Show Tags

New post 15 Oct 2009, 01:41
guys..true that only option b supports parallism..but what confused me was "..tied to the prime are the interest rates.." is'nt that a passive construction??
_________________

http://gmatclub.com/forum/countdown-beginshas-ended-85483-40.html#p649902

Kudos [?]: 1137 [0], given: 100

Manager
Manager
User avatar
Joined: 01 Sep 2009
Posts: 62

Kudos [?]: 104 [0], given: 3

Re: Prime Lending Rate [#permalink]

Show Tags

New post 15 Oct 2009, 23:03
This question was posted in May. So I don't think we will get an OA from the person who posted the original question :P
I checked it from another website and got the OA as
[Reveal] Spoiler:
B
.
This is the link http://www.beatthegmat.com/paper-test-14-3-t4066.html

Kudos [?]: 104 [0], given: 3

Manager
Manager
avatar
Joined: 19 Sep 2010
Posts: 172

Kudos [?]: 99 [0], given: 18

Re: Prime Lending Rate [#permalink]

Show Tags

New post 01 Oct 2010, 05:59
was scared by ":"....what does it signify.....???

Kudos [?]: 99 [0], given: 18

Manager
Manager
avatar
Joined: 22 Jun 2010
Posts: 192

Kudos [?]: 127 [0], given: 13

Re: Prime Lending Rate [#permalink]

Show Tags

New post 01 Oct 2010, 06:07
parallelism is the core of SC, I think.

Kudos [?]: 127 [0], given: 13

Manager
Manager
User avatar
Joined: 29 Aug 2010
Posts: 155

Kudos [?]: 22 [0], given: 16

Schools: Wharton/Lauder - Class of 2013
WE 1: Project Management, Telecommunications
Re: Prime Lending Rate [#permalink]

Show Tags

New post 01 Oct 2010, 07:26
Raths wrote:
was scared by ":"....what does it signify.....???


The colon is used to provide further explanation or to expand on something. The sentence before the colon must be able to stand alone.

Hope that helps! :)

Kudos [?]: 22 [0], given: 16

Manager
Manager
avatar
Joined: 15 Apr 2010
Posts: 171

Kudos [?]: 104 [0], given: 25

Re: Prime Lending Rate [#permalink]

Show Tags

New post 01 Oct 2010, 07:44
I went with E. E also supports parallelism and it seems to be better formed than B.
_________________

Give [highlight]KUDOS [/highlight] if you like my post.

Always do things which make you feel ALIVE!!!

Kudos [?]: 104 [0], given: 25

Manager
Manager
avatar
Joined: 19 Sep 2010
Posts: 172

Kudos [?]: 99 [0], given: 18

Re: Prime Lending Rate [#permalink]

Show Tags

New post 01 Oct 2010, 09:16
@Redjam.
Tnx Though I have one more doubt.
How one can find out about the word which is being defined . I tht that the
last word gets defined but clearly thats not the case . I think rate is
being defined here.

Kudos [?]: 99 [0], given: 18

Intern
Intern
avatar
Joined: 01 Oct 2010
Posts: 6

Kudos [?]: 2 [0], given: 0

Location: State College PA
Re: Prime Lending Rate [#permalink]

Show Tags

New post 01 Oct 2010, 10:09
B seems the most logical and most concise

Kudos [?]: 2 [0], given: 0

Manager
Manager
avatar
Joined: 22 Dec 2009
Posts: 107

Kudos [?]: 15 [0], given: 11

Location: United States
Concentration: Entrepreneurship, Finance
Schools: Babson '15
WE: Consulting (Accounting)
Reviews Badge
Re: Prime Lending Rate [#permalink]

Show Tags

New post 01 Oct 2010, 12:39
I went with B. Didn't even read all the Ans choices

Kudos [?]: 15 [0], given: 11

Senior Manager
Senior Manager
User avatar
Status: Time to step up the tempo
Joined: 24 Jun 2010
Posts: 404

Kudos [?]: 249 [0], given: 50

Location: Milky way
Schools: ISB, Tepper - CMU, Chicago Booth, LSB
Re: Prime Lending Rate [#permalink]

Show Tags

New post 01 Oct 2010, 17:11
Went with option D :(

Happy to see and identify my mistake.
_________________

:good Support GMAT Club by putting a GMAT Club badge on your blog :thanks

Kudos [?]: 249 [0], given: 50

Senior Manager
Senior Manager
User avatar
Status: Time to step up the tempo
Joined: 24 Jun 2010
Posts: 404

Kudos [?]: 249 [0], given: 50

Location: Milky way
Schools: ISB, Tepper - CMU, Chicago Booth, LSB
Re: Prime Lending Rate [#permalink]

Show Tags

New post 01 Oct 2010, 17:11
Went with option D :(

Happy to see and identify my mistake.

Oops. Double post. Am unable to delete this post. :oops:
_________________

:good Support GMAT Club by putting a GMAT Club badge on your blog :thanks


Last edited by ezhilkumarank on 01 Oct 2010, 17:46, edited 1 time in total.

Kudos [?]: 249 [0], given: 50

Manager
Manager
User avatar
Joined: 29 Aug 2010
Posts: 155

Kudos [?]: 22 [0], given: 16

Schools: Wharton/Lauder - Class of 2013
WE 1: Project Management, Telecommunications
Re: Prime Lending Rate [#permalink]

Show Tags

New post 01 Oct 2010, 17:39
Raths wrote:
@Redjam.
Tnx Though I have one more doubt.
How one can find out about the word which is being defined . I tht that the
last word gets defined but clearly thats not the case . I think rate is
being defined here.


It is preferred to have whatever you're expanding closest to the colon, but as you indicated it's not always the case. I haven't come across that many questions with colons in my studying but I doubt that would ever be the deciding factor in an answer. That is, there will always be other mistakes.

Kudos [?]: 22 [0], given: 16

Manager
Manager
User avatar
Joined: 07 Jan 2010
Posts: 143

Kudos [?]: 95 [0], given: 57

Location: So. CA
WE 1: 2 IT
WE 2: 4 Software Analyst
Re: Prime Lending Rate [#permalink]

Show Tags

New post 02 Oct 2010, 09:28
What makes B better than E? I picked E. :-(

Kudos [?]: 95 [0], given: 57

Re: Prime Lending Rate   [#permalink] 02 Oct 2010, 09:28

Go to page    1   2    Next  [ 35 posts ] 

Display posts from previous: Sort by

The prime lending rate is a key rate in the economy: not

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  


GMAT Club MBA Forum Home| About| Terms and Conditions| 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®.