What Contributed to the Recent Debt Crises in Several European

question 47

Multiple Choice

What contributed to the recent debt crises in several European countries?

• A)many loans made by banks before the crises were unlikely to be paid back
• B)these countries had very high debt-to-GDP ratios
• C)Germany, which often serves as the locomotive for European growth, encountered a long and severe recession
• D)all of the above
• E)only A)and B)

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Definitions:

Retail Method

An estimating method used to calculate inventory cost, based on the retail price, to determine cost of goods sold and ending inventory.

Inventory Estimating

A method used to approximate the amount of inventory a business has without doing a detailed physical count, often applied in periodic inventory systems.

Merchandise Prices

The set prices at which goods are sold to consumers, influencing revenue, profit margins, and competitive positioning.

Inventory Turnover

A financial ratio indicating the number of times a company's inventory is sold and replaced over a specific period.