What Are the Three Main Lessons on Crisis Learned from Early

question 7

Multiple Choice

What are the three main lessons on crisis learned from early developing countries in Latin America?

• A) choosing the right exchange rate regime, the importance of contagion and the importance of the banking system
• B) choosing the right real rate, the importance of following exchange rates, and keeping prices high to make the most profit
• C) pegging exchange rates with Euros, keeping labor cost and wages low
• D) maintaining money supply, avoiding tariffs, and increasing output
• E) maintaining money supply, avoiding inflation, and increasing production

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Definitions:

Symmetry

A balanced and proportionate similarity between two halves of an object, often mirrored around a central axis.

Symbol

A visual representation or emblem that stands for a concept, object, or relationship.

Symmetry

The quality of being made up of exactly similar parts facing each other or around an axis.

Chamfer

A symmetrical sloping surface at an edge or corner, often used to remove sharp edges.