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

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

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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

Originally posted by nightwing79 on 27 May 2009, 20:38.
Last edited by Bunuel on 22 Sep 2019, 03:35, edited 3 times in total.
Renamed the topic and edited the question.
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Re: The prime lending rate is a key rate in the economy: not only are the  [#permalink]

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New post 15 Oct 2009, 22:08
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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 ?
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Re: The prime lending rate is a key rate in the economy: not only are the  [#permalink]

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New post 27 May 2009, 20:45
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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.
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Re: The prime lending rate is a key rate in the economy: not only are the  [#permalink]

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New post 15 Oct 2009, 00:41
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??
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Re: The prime lending rate is a key rate in the economy: not only are the  [#permalink]

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New post 01 Oct 2010, 04:59
was scared by ":"....what does it signify.....???
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Re: The prime lending rate is a key rate in the economy: not only are the  [#permalink]

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New post 01 Oct 2010, 06:26
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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! :)
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Re: The prime lending rate is a key rate in the economy: not only are the  [#permalink]

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New post 01 Oct 2010, 10:34
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I opted for E but i didnt notice the missing word 'on' at the end of the sentence ... It has to be option B...
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Re: The prime lending rate is a key rate in the economy: not only are the  [#permalink]

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New post 10 Oct 2013, 22:33
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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.
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Re: The prime lending rate is a key rate in the economy: not only are the  [#permalink]

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New post 10 Dec 2014, 08:54
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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.
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Re: The prime lending rate is a key rate in the economy: not only are the  [#permalink]

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New post 14 Jun 2017, 09:01
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
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Re: The prime lending rate is a key rate in the economy: not only are the  [#permalink]

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New post 22 Sep 2019, 03:37
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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.
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New post 10 Dec 2019, 13:41
Hello Everyone!

Let's tackle this question, one thing at a time, and narrow down our options quickly so we know how to answer questions like this when they pop up on the GMAT! To begin, let's take a quick look at the question and highlight any major differences between the options in orange:

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

After a quick glance over the options, it's pretty clear that we're dealing with an IDIOM!

Any time you see the phrases "not only" and "but also" in a sentence, there are 2 major things you need to check:

1. The idiom "not only X, but also Y" is used correctly.
2. X and Y are parallel.


Let's take a look at each option and determine if the idiom "not only X, but also Y" is used correctly and that the X and Y values are parallel:

(A) not only are the interest rates on most loans to small and medium-sized businesses tied to the prime, but also on
X and Y are not parallel (not only are, 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
Idiom is used correctly & both X and Y are parallel

(C) the interest rates not only on most loans to small and medium-sized businesses are tied to the prime, but also
X and Y are not parallel (not only on, but also a)

(D) not only the interest rates on most loans to small and medium-sized businesses are tied to the prime, but also on
X and Y are not parallel (not only the interest rates, 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
X and Y are not parallel (not only on, but also a)

There you have it - option B is the only one that uses parallel construction for the idiom "not only X, but also Y," which makes it our correct choice! If you can identify the most common idioms that appear on the GMAT, they should be some of the quickest and easiest questions to answer!


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

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New post 13 Dec 2019, 22:25
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??


Well Passive construction is not actually wrong. Its not preferred but certainly not wrong
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New post 03 Jan 2020, 22:47
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


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 convey this. The position of two modifiers is crucial in order to know what each modifies. Furthermore, it is essential that the two things modified by parallel. Option B uses appropriate parallel structures.
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The prime lending rate is a key rate in the economy: not only are the  [#permalink]

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New post 22 Jan 2020, 07:52
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.

Not only X but also Y - Parallel form

(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 - Correct

(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
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The prime lending rate is a key rate in the economy: not only are the   [#permalink] 22 Jan 2020, 07:52
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