Which of the Statements Below Is Not a Reason for the High

Multiple Choice

Which of the statements below is not a reason for the high level of lending to less developed countries in the 1970s?

A) Most countries borrow large amounts of money in the initial stages of development.
B) The world real interest rate was high in the 1970s.
C) In a growing developing economy, investment opportunities exceed the domestic population's capacity to save.
D) The OPEC price increases caused consumers in non-oil-exporting LDCs to reduce their savings.