The Experiences of Eastern Europe and the Former Soviet Union

question 6

Multiple Choice

The experiences of Eastern Europe and the former Soviet Union have demonstrated that

• A)using private networks in a financial system to channel funds from savers to borrowers is not a good approach.
• B)using the government to channel funds from savers to borrowers is not a good approach.
• C)the government can be very effective in increasing private saving.
• D)savers are usually willing to lend greater amounts than borrowers wish to borrow.

---

Definitions:

Philadelphia Campaign

A series of battles during the American Revolutionary War that aimed to capture the American capital at the time, Philadelphia, by the British.

Continental Army

The army formed by the Thirteen American Colonies during the American Revolutionary War to fight against British forces.

Germantown

A historic area that was originally an independent town and is now a neighborhood within the city of Philadelphia, known for its rich history and cultural significance, especially in relation to early American history.

British Strategy

The methods and plans used by the United Kingdom in pursuit of military, political, or economic objectives, often reflecting the country's global interests, historical context, and geopolitical challenges.