Sovereign Lending Is When

question 3

Multiple Choice

Sovereign lending is when:

• A)a country gives up control of a resource-rich territory in exchange for a loan.
• B)a ruler of a country lends money to his or her subjects.
• C)the king or queen of a constitutional monarchy receives loans from parliament.
• D)monarchs borrow money from public financial institutions.
• E)governments borrow money from private financial institutions.

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