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The 2008 mortgage crisis is thought to have been caused in large part by lender behavior changes, which, like the continuously eroding lending standards that saddled numerous borrowers with impossible payments and led to unsustainably high-risk loans, and the mortgage options that allowed homeowners to pay interest alone for a time, after which many unsuspecting borrowers found themselves unable to pay the increased bills that included payments on the principal.
  • a)
    which, like the continuously eroding lending standards that saddled numerous borrowers with impossible payments and led to unsustainably high-risk loans,
  • b)
    which, like the continuously eroding lending standards that saddled with impossible payments numerous borrowers led to unsustainably high-risk loans,
  • c)
    like the unsustainably high-risk loans that, due to continuously eroding lending standards, saddled numerous borrowers with impossible payments,
  • d)
    such as the unsustainably high-risk loans that led to continuously eroding lending standards saddling numerous borrowers with impossible payments,
  • e)
    such as the continuously eroding lending standards that led to unsustainably high-risk loans, saddling numerous borrowers with impossible payments,
Correct answer is option 'E'. Can you explain this answer?
Most Upvoted Answer
The 2008 mortgage crisis is thought to have been caused in large part ...
E) such as the continuously eroding lending standards that led to unsustainably high-risk loans, saddling numerous borrowers with impossible payments,
Option E provides the correct structure and maintains clarity in the sentence. It effectively introduces the examples of lender behavior changes that contributed to the 2008 mortgage crisis. The phrase "such as" is appropriate for presenting examples. The sentence then continues to describe the specific consequences of these changes, namely, the saddling of numerous borrowers with impossible payments. This option accurately conveys the intended meaning of the sentence.
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The 2008 mortgage crisis is thought to have been caused in large part by lender behavior changes,which, like the continuously eroding lending standards that saddled numerous borrowers with impossible payments and led to unsustainably high-risk loans,and the mortgage options that allowed homeowners to pay interest alone for a time, after which many unsuspecting borrowers found themselves unable to pay the increased bills that included payments on the principal.a)which, like the continuously eroding lending standards that saddled numerous borrowers with impossible payments and led to unsustainably high-risk loans,b)which, like the continuously eroding lending standards that saddled with impossible payments numerous borrowers led to unsustainably high-risk loans,c)like the unsustainably high-risk loans that, due to continuously eroding lending standards, saddled numerous borrowers with impossible payments,d)such as the unsustainably high-risk loans that led to continuously eroding lending standards saddling numerous borrowers with impossible payments,e)such as the continuously eroding lending standards that led to unsustainably high-risk loans, saddling numerous borrowers with impossible payments,Correct answer is option 'E'. Can you explain this answer?
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The 2008 mortgage crisis is thought to have been caused in large part by lender behavior changes,which, like the continuously eroding lending standards that saddled numerous borrowers with impossible payments and led to unsustainably high-risk loans,and the mortgage options that allowed homeowners to pay interest alone for a time, after which many unsuspecting borrowers found themselves unable to pay the increased bills that included payments on the principal.a)which, like the continuously eroding lending standards that saddled numerous borrowers with impossible payments and led to unsustainably high-risk loans,b)which, like the continuously eroding lending standards that saddled with impossible payments numerous borrowers led to unsustainably high-risk loans,c)like the unsustainably high-risk loans that, due to continuously eroding lending standards, saddled numerous borrowers with impossible payments,d)such as the unsustainably high-risk loans that led to continuously eroding lending standards saddling numerous borrowers with impossible payments,e)such as the continuously eroding lending standards that led to unsustainably high-risk loans, saddling numerous borrowers with impossible payments,Correct answer is option 'E'. Can you explain this answer? for GMAT 2024 is part of GMAT preparation. The Question and answers have been prepared according to the GMAT exam syllabus. Information about The 2008 mortgage crisis is thought to have been caused in large part by lender behavior changes,which, like the continuously eroding lending standards that saddled numerous borrowers with impossible payments and led to unsustainably high-risk loans,and the mortgage options that allowed homeowners to pay interest alone for a time, after which many unsuspecting borrowers found themselves unable to pay the increased bills that included payments on the principal.a)which, like the continuously eroding lending standards that saddled numerous borrowers with impossible payments and led to unsustainably high-risk loans,b)which, like the continuously eroding lending standards that saddled with impossible payments numerous borrowers led to unsustainably high-risk loans,c)like the unsustainably high-risk loans that, due to continuously eroding lending standards, saddled numerous borrowers with impossible payments,d)such as the unsustainably high-risk loans that led to continuously eroding lending standards saddling numerous borrowers with impossible payments,e)such as the continuously eroding lending standards that led to unsustainably high-risk loans, saddling numerous borrowers with impossible payments,Correct answer is option 'E'. Can you explain this answer? covers all topics & solutions for GMAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The 2008 mortgage crisis is thought to have been caused in large part by lender behavior changes,which, like the continuously eroding lending standards that saddled numerous borrowers with impossible payments and led to unsustainably high-risk loans,and the mortgage options that allowed homeowners to pay interest alone for a time, after which many unsuspecting borrowers found themselves unable to pay the increased bills that included payments on the principal.a)which, like the continuously eroding lending standards that saddled numerous borrowers with impossible payments and led to unsustainably high-risk loans,b)which, like the continuously eroding lending standards that saddled with impossible payments numerous borrowers led to unsustainably high-risk loans,c)like the unsustainably high-risk loans that, due to continuously eroding lending standards, saddled numerous borrowers with impossible payments,d)such as the unsustainably high-risk loans that led to continuously eroding lending standards saddling numerous borrowers with impossible payments,e)such as the continuously eroding lending standards that led to unsustainably high-risk loans, saddling numerous borrowers with impossible payments,Correct answer is option 'E'. Can you explain this answer?.
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