The Main Policy Advice Given by the IMF to East

question 34

Multiple Choice

The main policy advice given by the IMF to East Asian countries facing the financial crises of 1997/1998 was

• A)raising their domestic interest rates to stabilize the collapsing currencies.
• B)using their monetary and fiscal policies alone.
• C)use capital controls.
• D)adopting a flexible exchange rate system.

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