Why Was the World So Concerned About Greece Defaulting on Its

question 145

Multiple Choice

Why was the world so concerned about Greece defaulting on its debt?

• A) People were afraid Greece would be sold to another country to pay its debts.
• B) The U.S.government held a large quantity of Greek debt,so there was a concern that a Greek default would cause a U.S.default.
• C) Countries in the European Union held a large quantity of Greek debt,so there was a concern that a Greek default would cause other European countries to default.
• D) There were concerns that Greece would devalue its currency,leading to a severe recession.
• E) Greece is one of the largest consumers in the world,so there were fears that a Greek default would lead to a collapse in world demand.

---

Definitions:

Career Criminal

An individual who commits crime as a means of livelihood, often engaging in criminal activities over an extended period.

Early Death

The occurrence of an individual's demise at a younger age than the statistical average life expectancy.

White-Collar Crime

Nonviolent crime committed by individuals or corporations in the course of their professional lives.

Street Crime

Denotes criminal activities that occur in public places, typically including theft, vandalism, and violent acts.