The contagion that spread to South Korea, Indonesia, and other countries during the Asian financial crisis was:
A. speculative attacks forcing them to abandon their fixed exchange rates.
B. competitive devaluation that led to plummeting exchange rates for all.
C. competitive revaluation that led to severe overvaluation and collapse for all but South Korea.
D. a result of employing a fixed exchange rate by China.
A. speculative attacks forcing them to abandon their fixed exchange rates.
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For those nations who fixed their currencies' exchange rates to the U.S. dollar, the rise of the dollar during the 90's was very good news,
a. True b. False Indicate whether the statement is true or false
How do financial institutions evaluate the creditworthiness of potential borrowers?
A. They do not evaluate creditworthiness because everyone is treated the same. B. They offer high interest rates because only the best borrowers will be able to afford them. C. They do not evaluate the creditworthiness because they know the borrower will honor his/her obligation to repay the loan. D. They gather information regarding the borrowers' finances.
Figure 7.2
Refer to Figure 7.2. Assume that Ashley faces budget line AB with her $60 income. Then the opportunity cost to her of a book is:
A. one hamburger. B. two hamburgers. C. three hamburgers. D. four hamburgers.
If you borrow $5,000 from your bank to purchase shares of Snap from your cousin Vinny, this is an example of obtaining ________ financing and purchasing the stock in a ________ market
A) direct; primary B) direct; secondary C) indirect; primary D) indirect; secondary