By 2001, Crisis Conditions Had Revealed Three Very Important Underlying

Multiple Choice

By 2001, crisis conditions had revealed three very important underlying problems Argentina's economy EXCEPT:

A) The Argentine peso was overvalued.
B) The currency board regime had eliminated monetary policy alternatives for macroeconomic policy.
C) The printing of paper money without restrictions, resulting in hyperinflation.
D) The Argentina government budget deficit was out of control - government spending continued to increased but tax receipts did not.