The Chaebols Encouraged the Korean Government to Open Up Korean

Multiple Choice

The chaebols encouraged the Korean government to open up Korean financial markets to foreign capital. The Korean government responded by

A) allowing unlimited short-term foreign borrowing but maintained quantity restrictions on long-term foreign borrowing by financial institutions.
B) allowing unlimited short-term and long-term foreign borrowing by financial institutions.
C) maintaining quantity restrictions on short-term foreign borrowing but allowing unlimited long-term foreign borrowing by financial institutions.
D) not allowing any foreign borrowing by financial institutions.