An international financial crisis is
A. when a major bank defaults.
B. when a world leader is deposed from office.
C. the rapid withdrawal of foreign investments and loans from a nation.
D. when at least one developing country defaults on its loans.
Answer: C
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The Congressional Budget Office estimates that the ratio of publicly held debt to GDP will ________ by 2050 if no entitlement reforms are enacted
A) remain close to the current high level of 73% B) fall to only about 55% C) more than triple to about 250% D) rise to about 130%
A typical consumer of health care in the United States
A) does not pay the full price of his or her health care. B) does not pay any of the price of his or her health care. C) pays more than the full price of his or her health care. D) pays the full price of his or her health care.
Bundling
A) is when firms sell multiple separate goods together for a single price. B) is where a firm wraps its fragile goods in special packaging and charges a higher price than if the goods are put into regular packaging. C) increases transaction costs for consumers. D) is illegal in most U.S. states.
To be eligible for Medicare, an aged individual must exhaust most personal income and assets
Indicate whether the statement is true or false