A major investment bank's adjustment of interest rates on mortgages held by individuals is both a recognition of the

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A major investment bank's adjustment of interest rates on mortgages held by individuals is both a recognition of the depth of the financial crisis and an attempt to balance its books.

(A) adjustment of interest rates on mortgages held by individuals is both a recognition of the depth of the financial crisis and an attempt to balance its books

(B) adjustment of interest rates on mortgages held by individuals both recognize the depth of the finance crisis and attempt to balance their books

(C) adjustment of interest rates on mortgages held by individuals is a recognition both of the depth of the financial crisis as well as an attempt to balance its books

(D) adjusting interest rates on mortgages to individuals is a recognition both of the depth of the financial crisis and an attempt to balance its books

(E) adjusting interest rates on mortgages held by individuals both recognize the depth of the financial crisis and an attempt to balance its books



OA A

Source: Princeton Review

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The sentence implies that a major investment bank's adjustment of interest rates on mortgages held by individuals is both a recognition of the depth of the financial crises and an attempt to balance the bank's books.

Option A - correct
This shows correct parallelism between 'a recognition' and 'an attempt' using the word 'both.'

Option B - incorrect
The use of a plural verb 'recognize' for a singular subject 'banks.' Also, the pronoun 'their' books when it should be 'its' books makes the sentence illogical. There is a change of verb form 'is' to 'recognize' and 'attempt.'

Option C - incorrect
This uses improper conjunction to pair 'both' and 'as well as' instead of 'and.'

Option D - incorrect
It changes the intended meaning of the sentence by changing the noun 'adjustment' to a gerund 'adjusting.'

Option E - incorrect
This changes the noun 'adjustment' to a gerund 'adjusting.' Then, it changes the verb from 'is' to 'recognize' and 'attempt,' thereby causing a change in meaning.