The "Asian Crisis" of 1997-1998 Importantly Involved Movement of Short-Term

Multiple Choice

The "Asian crisis" of 1997-1998 importantly involved movement of short-term financial Capital __________ countries such as Thailand and Malaysia, with a consequent __________ of their currencies, which in turn caused __________ in the trade balances of other countries of the world.

A) out of; depreciation; an improvement
B) out of; appreciation; a deterioration
C) out of; depreciation; a deterioration
D) into; appreciation; an improvement