GMAT Question of the Day - Daily to your Mailbox; hard ones only

It is currently 22 Oct 2019, 14:29

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

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

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

Hide Tags

Find Similar Topics 
Manager
Manager
User avatar
Joined: 12 Apr 2009
Posts: 157
The prime lending rate is a key rate in the economy: not only are the  [#permalink]

Show Tags

New post Updated on: 22 Sep 2019, 04:35
4
51
00:00
A
B
C
D
E

Difficulty:

  55% (hard)

Question Stats:

61% (01:44) correct 39% (01:44) wrong based on 1843 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


SC21011.01

_________________
-talent is the desire to practice-

Originally posted by nightwing79 on 27 May 2009, 21:38.
Last edited by Bunuel on 22 Sep 2019, 04:35, edited 3 times in total.
Renamed the topic and edited the question.
Most Helpful Community Reply
Senior Manager
Senior Manager
avatar
Joined: 01 Mar 2009
Posts: 310
Location: PDX
Re: The prime lending rate is a key rate in the economy: not only are the  [#permalink]

Show Tags

New post 15 Oct 2009, 23:08
6
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
General Discussion
SVP
SVP
User avatar
Joined: 29 Aug 2007
Posts: 1912
Re: The prime lending rate is a key rate in the economy: not only are the  [#permalink]

Show Tags

New post 27 May 2009, 21:45
3
1
2
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
Senior Manager
Senior Manager
User avatar
Joined: 25 Oct 2008
Posts: 459
Location: Kolkata,India
Re: The prime lending rate is a key rate in the economy: not only are the  [#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
Manager
Manager
avatar
Joined: 19 Sep 2010
Posts: 122
Re: The prime lending rate is a key rate in the economy: not only are the  [#permalink]

Show Tags

New post 01 Oct 2010, 05:59
was scared by ":"....what does it signify.....???
Manager
Manager
User avatar
Joined: 29 Aug 2010
Posts: 149
Schools: Wharton/Lauder - Class of 2013
WE 1: Project Management, Telecommunications
Re: The prime lending rate is a key rate in the economy: not only are the  [#permalink]

Show Tags

New post 01 Oct 2010, 07:26
1
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! :)
Intern
Intern
avatar
Joined: 30 Aug 2010
Posts: 8
Location: INDIA
Re: The prime lending rate is a key rate in the economy: not only are the  [#permalink]

Show Tags

New post 01 Oct 2010, 11:34
3
1
I opted for E but i didnt notice the missing word 'on' at the end of the sentence ... It has to be option B...
Retired Moderator
User avatar
Joined: 16 Jun 2012
Posts: 988
Location: United States
Re: The prime lending rate is a key rate in the economy: not only are the  [#permalink]

Show Tags

New post 10 Oct 2013, 23:33
4
1
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.
Manager
Manager
User avatar
Joined: 23 Oct 2014
Posts: 85
Concentration: Marketing
Re: The prime lending rate is a key rate in the economy: not only are the  [#permalink]

Show Tags

New post 10 Dec 2014, 09:54
I got this one wrong too. B doesn't sound pretty but it seems so simple when you know where to look.

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
Should have either "not only are... but also are..." or "not only on... 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
Should have either "not only on... but also on..." or "not only x... but also y..." x and y is a noun. The y in this case would be "a growing number of consumer loans".

(D) not only the interest rates on most loans to small and medium-sized businesses are tied to the prime, but also on
Should have either "not only x... but also y..." or "not only on... 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
Same as D.
Manager
Manager
User avatar
B
Joined: 17 Feb 2016
Posts: 90
Location: India
Concentration: General Management, Entrepreneurship
GMAT 1: 660 Q47 V36
GPA: 3.12
WE: Education (Internet and New Media)
Reviews Badge
Re: The prime lending rate is a key rate in the economy: not only are the  [#permalink]

Show Tags

New post 14 Jun 2017, 10:01
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.


This question tests the knowledge of idioms

not only x, but also y



The idiom must be used in such a way that whatever element comes very next to not only should also repeat after but also

Here only in Option B "on" repeats after not only and but also

(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
_________________
Never stop fighting until you arrive at your destined place - that is, the unique you. Have an aim in life, continuously acquire knowledge, work hard, and have the perseverance to realise the great life. A. P. J. Abdul Kalam
Senior Manager
Senior Manager
avatar
G
Joined: 04 Sep 2017
Posts: 291
Re: The prime lending rate is a key rate in the economy: not only are the  [#permalink]

Show Tags

New post 22 Sep 2019, 04:37
1
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


SC21011.01


Official Explanation

Logical predication; Parallelism

The sentence tells us that the interest rates on two classes of loans are affected by the prime lending rate. The structure not only . . . but also . . . , consisting of two adverbial modifiers, conveys this.

The position of the two modifiers is crucial in order to know what each modifies. Furthermore, it is essential that the two things modified be parallel.

A. In this choice, not only are the interest rates . . . but also on is not parallel.

B. Correct. This choice uses a correctly parallel form not only on . . . but also on . . .

C. In this choice, the interest rates not only on . . . but also is not parallel.

D. In this choice, not only the interest rates on . . . are . . . is idiomatically incorrect: when not only begins an independent statement, the order of subject and verb in the not only part must be inverted as in not only are . . .

E. In this choice, the interest rates not only on . . . but also is not parallel.

The correct answer is B.
GMAT Club Bot
Re: The prime lending rate is a key rate in the economy: not only are the   [#permalink] 22 Sep 2019, 04:37
Display posts from previous: Sort by

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

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





Powered by phpBB © phpBB Group | Emoji artwork provided by EmojiOne