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Each sentence has a part which is underlined. Beneath the sentence you will find four ways of phrasing the underlined part. Follow the requirements of the standard written English to choose your answer. Selection should make the sentence clear, exact and free of grammatical error. It should minimize awkwardness, ambiguity and redundancy.
As a result of surging financial greed, the international rating agencies upgraded the rating of the credit derivative instruments, and hence analysts recommended a strong buy, ignoring the advice of Warren Buffett who warned that these instruments would prove not only dangerous but ineffective in the long run.
Option B can be ruled out as 'but also' should follow 'dangerous'. On the same ground, option D can be eliminated.
Since the usage of 'instruments' is inconsistent with 'itself', option C can be eliminated.
As there are no flaws with statement A,
The correct answer is A.
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