This Event Signaled the Beginning of the Asian Financial Crisis

question 15

Multiple Choice

This event signaled the beginning of the Asian financial crisis in July of 1997:

• A) when foreign investors pulled most of their fund out of South Korea
• B) when the Thai government was overthrown in a military coup
• C) when the Thai government could no longer support the 25 to 1 value of the Thai baht to the U.S. dollar
• D) when the IMF signaled that Thailand's government was no longer worthy of credit

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Definitions:

Equilibrium

The point at which market demand and supply equalize, stabilizing price levels.

Equitable Distribution

The fair allocation of resources among all members of a community or society.

Incentive to Change

Factors or motives that encourage individuals or organizations to modify their behavior or decisions.

Equitable Distribution

a principle aiming for a fair allocation of resources, wealth, or income among members of a society.