The 1998 Default by the Russian Government Had Results That

question 129

Multiple Choice

The 1998 default by the Russian government had results that were predictable using the textbook model. Which statement best describes what happened?

• A) The event increased Russian interest rates and net exports.
• B) The event reduced Russian interest rates and net exports.
• C) The event increased Russian interest rates and reduced Russian net exports.
• D) The event reduced Russian interest rates and increased Russian net exports.

---

Definitions:

Pulpit

A raised platform in a church or mosque on which a priest or imam stands while leading the religious service.

Baptistery

A part of a church or a separate building used for the Christian rite of baptism.

Trefoil Arches

Arches with a three-lobed or clover-shaped top, commonly found in Gothic and Islamic architecture.

Three-dimensional Body

An object that has height, width, and depth, enabling it to occupy physical space and be perceived from different angles.