Initially,the U.S.and the IMF Believed That

question 31

Multiple Choice

Initially,the U.S.and the IMF believed that

• A)the Debt Crisis would require long-term structural changes.
• B)Latin American economies did not need assistance.
• C)capital inflows would be unable to solve the debt problems.
• D)the Debt Crisis was a temporary liquidity problem.

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Definitions:

Financial Account

A component of a country's balance of payments that records all transactions involving the purchase or sale of financial assets.

Hypothetical Data

Data or information that is assumed or simulated based on certain conditions or parameters, used for theoretical analysis or making predictions.

Surplus

A situation where the quantity of goods or services supplied exceeds the quantity demanded at the current price.

Deficit

The amount by which expenses exceed income or revenues, commonly used in the context of government budgets.