Identify Any Fallacies in the Following Passage Either by Naming

question 175

Short Answer

Identify any fallacies in the following passage either by naming them or, where they seem not to conform to any of the patterns described in the text, by giving a brief explanation of why the fallacious reasoning is irrelevant to the point at issue.
Clearly, Mexico desperately needs financial help in handling its $96 billion foreign debt, since without any aid Mexico cannot possibly reduce that enormous sum, and it is urgent that it be reduced.

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Definitions:

Foreign-Currency Exchange

The process of converting one country's currency into another, a key component in international trade and finance.

Exchange Rate

The value of one currency for the purpose of conversion to another currency.

Net Capital

The difference between a company's total assets and its total liabilities.

Loanable Funds

A term in economics referring to the market where savers supply funds to borrowers, influencing interest rates based on demand and supply.