By 2001, Crisis Conditions Had Revealed Three Very Important Underlying

question 61

Multiple Choice

By 2001, crisis conditions had revealed three very important underlying problems Argentina's economy EXCEPT:

• A) The Argentine peso was overvalued.
• B) The currency board regime had eliminated monetary policy alternatives for macroeconomic policy.
• C) The printing of paper money without restrictions, resulting in hyperinflation.
• D) The Argentina government budget deficit was out of control - government spending continued to increased but tax receipts did not.

---

Definitions:

Parenthetical Expressions

Phrases or clauses inserted into a sentence as additional information or explanation, usually marked off by parentheses.

Appositive

A noun or noun phrase placed next to another noun to explain or identify it.

Standards

Benchmarks or specifications for products, services, or processes, designed to ensure quality, safety, and efficiency.

Punctuation

A system of symbols used in written language to clarify meaning and indicate pauses, intonation, and the structure of sentences.