Multiple Choice
When a government partially defaults its debt,a "haircut" of 20% means that
A) creditors receive 20% of what they owed.
B) creditors receive 80% of what they owed.
C) creditors receive 40% of what they owed.
D) creditors receive 10% of what they owed.
Correct Answer:
Verified
Correct Answer:
Verified
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