Multiple Choice
Which of the following is true of the crises witnessed by the southeast Asian countries in the 1990s?
A) The crises were sparked by the conversion from a fixed exchange rate regime to a flexible exchange rate regime.
B) The crises occurred because Malaysia owed substantial short-term debt to foreigners.
C) The consumption of petroleum products grew at an uncontrolled rate in Indonesia.
D) Indonesia was the only country that owed a substantial long term debt to the US.
E) The stock prices dropped by 26 percent in Korea and by 57 percent in Malaysia.
Correct Answer:
Verified
Correct Answer:
Verified
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