The Exchange of Borrowing Country Debt for an Ownership Position

question 88

Multiple Choice

The exchange of borrowing country debt for an ownership position in the borrowing country is known as:

• A) Debt forgiveness
• B) Debt-for-debt swap
• C) Debt reduction
• D) Debt/equity swap

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Definitions:

Smaller Companies

Firms that are relatively small in terms of their market capitalization, often characterized by their potential for growth and higher risk.

Crisis

A critical or unstable time or state of affairs in which a decisive change is impending, often one with the possibility of a highly undesirable outcome.

Press Conference

A scheduled event where an organization or individual makes an announcement to the media and answers journalists' questions.

Top Management

Managers at the highest level of the management pyramid who devote most of their time to developing long-range plans for their organizations.