If a Country Cannot Internationalize Its Debt, Then It Will

question 25

Multiple Choice

If a country cannot internationalize its debt, then it will have to:

• A)sell more bonds domestically, causing its interest rates to fall.
• B)sell more bonds domestically, causing its interest rates to rise.
• C)buy more bonds domestically, causing its interest rates to fall.
• D)buy more bonds domestically, causing its interest rates to rise.

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Definitions:

Ctesiphon

An ancient city located on the Tigris River, near modern-day Baghdad, Iraq, once a major capital of the Parthian and Sassanid empires.

Sasanians

An ancient Iranian empire that existed from 224 to 651 CE, known for its cultural achievements and conflicts with the Roman and later Byzantine Empires.

Parthians

An ancient Iranian civilization and empire known for its advanced military tactics and conflicts with the Roman Empire.

Standard of Ur

An ancient Sumerian artifact dating around 2600 BCE, known for its detailed, inlaid panels made from shell and lapis lazuli, depicting scenes of war and peace.