Events & Promotions
|
|
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
Track
Your Progress
Practice
Pays
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
Sep 1507:00 PM EDT
-09:00 PM EST
Elite scores are possible when you enroll in a powerful GMAT course, taught live online + 6 months access to TTP OnDemand video courses included! Class starts Tues/Thurs Sept. 15, 2026 - Nov. 15, 2027, 7:00pm-9:00pm EST
Sep 2107:00 PM EDT
-10:00 PM EDT
Boost your GMAT score in less than one month in a live online class + 6 months access to TTP OnDemand video courses included! Class starts Mon, Tues, Wed, Thur, Fri Sept. 21, 2026 - Oct. 9, 2027, 7:00pm-10:00pm EST
Sat Sep 12, 2026 9:36 pm
Kudos
Bookmarks
Must be true: At most one tagged transaction record indicated intentional circumvention of required verification steps.
Must be false: The earlier tagged transaction record indicated intentional circumvention of required verification steps.
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
(N/A)
Question Stats:
0% (00:00) correct
0%
(00:00)
wrong
based on 0
sessions
History
Date
Time
Result
Not Attempted Yet
Under these rules, an account holder, K, who previously had a transaction record at the firm tagged, had trading privileges permanently revoked after a second transaction record for a transaction made by K was tagged. Based on the information provided, select for Must be true the statement about K's tagged transaction records that must be true, and select for Must be false the statement about K's tagged transaction records that must be false. Make only two selections, one in
each column.
each column.
| Must be true | Must be false | |
| Neither tagged transaction record indicated intentional circumvention of required verification steps. | ||
| The later tagged transaction record did not indicate intentional circumvention of required verification steps. | ||
| The earlier tagged transaction record indicated intentional circumvention of required verification steps. | ||
| At least one tagged transaction record indicated intentional circumvention of required verification steps. | ||
| At least one tagged transaction record indicated intentional circumvention of required verification steps. | ||
| At most one tagged transaction record indicated intentional circumvention of required verification steps. |
ShowHide Answer
Official Answer
Must be true: At most one tagged transaction record indicated intentional circumvention of required verification steps.
Must be false: The earlier tagged transaction record indicated intentional circumvention of required verification steps.
Sat Sep 12, 2026 9:41 pm
Kudos
Bookmarks
Task
The question requires us to identify one statement that must be true and one statement that must be false about K's two tagged transaction records.
Reasoning
If a tagged record indicates intentional circumvention, trading privileges are permanently revoked immediately. K had an earlier tagged record and then a later tagged record. Since K had a second tagged record before permanent revocation, the earlier record could not have led to immediate revocation. So, the earlier record did not indicate intentional circumvention. The later record could have indicated intentional circumvention. It also could have been tagged solely because it reflected a minor reporting omission, if the earlier record had resulted in a formal caution. So, across both records, there can be at most one tagged transaction record that indicated intentional circumvention. Thus, the statement that must be true is: At most one tagged transaction record indicated intentional circumvention of required verification steps. Since the earlier record could not have indicated intentional circumvention, the following statement must be false: The earlier tagged transaction record indicated intentional circumvention of required verification steps.
Traps
Many students select "Neither tagged transaction record indicated intentional circumvention of required verification steps" for the "Must be false" column, but this is incorrect because the later record could or could not indicate intentional circumvention, so this statement is not necessarily false. - Many students select "At least one tagged transaction record indicated intentional circumvention of required verification steps" for the "Must be true" column, but this is incorrect because both records could have been tagged solely because they reflected minor reporting omissions.
Hence, the correct combination of answer choices is: F for the first column. C for the second column.
The question requires us to identify one statement that must be true and one statement that must be false about K's two tagged transaction records.
Reasoning
If a tagged record indicates intentional circumvention, trading privileges are permanently revoked immediately. K had an earlier tagged record and then a later tagged record. Since K had a second tagged record before permanent revocation, the earlier record could not have led to immediate revocation. So, the earlier record did not indicate intentional circumvention. The later record could have indicated intentional circumvention. It also could have been tagged solely because it reflected a minor reporting omission, if the earlier record had resulted in a formal caution. So, across both records, there can be at most one tagged transaction record that indicated intentional circumvention. Thus, the statement that must be true is: At most one tagged transaction record indicated intentional circumvention of required verification steps. Since the earlier record could not have indicated intentional circumvention, the following statement must be false: The earlier tagged transaction record indicated intentional circumvention of required verification steps.
Traps
Many students select "Neither tagged transaction record indicated intentional circumvention of required verification steps" for the "Must be false" column, but this is incorrect because the later record could or could not indicate intentional circumvention, so this statement is not necessarily false. - Many students select "At least one tagged transaction record indicated intentional circumvention of required verification steps" for the "Must be true" column, but this is incorrect because both records could have been tagged solely because they reflected minor reporting omissions.
Hence, the correct combination of answer choices is: F for the first column. C for the second column.
Moderators:
