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GMAT Sentence Correction (SC) | A higher interest rate is only one of the factors, albeit an

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onkargm wrote:

Doesn't "that" refer to the nearest noun, In this case "one" in albeit an important one


Try reading the sentence by removing the phrase " albeit an important one", you can find the actual meaning of the sentence. That must refer to the factors, hence we are using "keep".

As per the meaning of the sentence, Higher interest rate keeps the market from spiraling.

Tip: In such sentences, try to remove the phrases between the two commas and then check the overall
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