Country X Has a Significant Amount of External Debt

question 6

Multiple Choice

Country X has a significant amount of external debt.Which of the following is the most likely cause?

• A) The government of Country X borrowed money from local banks.
• B) The government of Country X borrowed money from other governments.
• C) The government of Country X spent more than it collected in revenues.
• D) The government of Country X received short-term credits from selling bonds.

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Definitions:

Delinquency

Behaviors or actions, typically of young people, that violate social norms or laws.

Low Self-control

A tendency to act impulsively without considering the consequences, often leading to risky or undesirable outcomes.

Low Intelligence

Typically refers to significantly below-average cognitive ability, impacting various aspects of life and learning.

Moral Development

The method by which people cultivate appropriate feelings and actions towards others in a community, according to societal and cultural standards, regulations, and legislation.