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    Exam 8: Why Do Financial Crises Occur and Why Are They so Damaging to the Economy
  5. Question
    Argentina's 2001-2002 Financial Crisis Was Precipitated by
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Argentina's 2001-2002 Financial Crisis Was Precipitated by

Question 3

Question 3

Multiple Choice

Argentina's 2001-2002 financial crisis was precipitated by


A) a weak and poorly supervised banking system.
B) a lending boom that fueled a stock market bubble.
C) difficulty financing a large budget deficit.
D) a decline in interest rates.

Correct Answer:

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