Which of the Following Is True of the Crises Witnessed

question 22

Multiple Choice

Which of the following is true of the crises witnessed by the southeast Asian countries in the 1990s?

• A) The crises were sparked by the conversion from a fixed exchange rate regime to a flexible exchange rate regime.
• B) The crises occurred because among all countries, Malaysia owed the maximum short-term debt to foreigners.
• C) The consumption of petroleum products grew at an uncontrolled rate in Indonesia.
• D) Indonesia was the only country that owed a substantial long-term debt to the US.
• E) The stock prices dropped by 26 percent in Korea and by 57 percent in Malaysia.

---

Definitions:

Townshend Acts

1767 parliamentary measures (named for the chancellor of the Exchequer) that taxed tea and other commodities and established a Board of Customs Commissioners and colonial vice-admiralty courts.

Revitalization

The process of instilling new life and vitality into something, often referring to communities, economies, or eco-systems.

Age of Prophecy

A period in ancient Israelite history characterized by the activity of prophets who delivered divine messages to rulers and the people.

Native American Life

Refers to the cultures, traditions, history, and current realities of the indigenous peoples of North America.