Discussion of the Possibility of Setting Up an International Lender

question 18

Multiple Choice

Discussion of the possibility of setting up an international lender of last resort began following the

• A)collapse of Communism.
• B)stock market crash of 1987.
• C)developing nations' debt crisis of the early 1980s.
• D)oil price increases of the 1970s.

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Definitions:

Appreciation

An increase in the value of an asset over time.

Chinese Yuan

The official currency of the People's Republic of China, used in mainland China but not in its special administrative regions like Hong Kong.

Devalues

Reduces the value, importance, or quality of something.

US Exporters

Companies or individuals located in the United States that sell goods or services to buyers in other countries.