When a Developing World Country Carries "Private Debt," to Whom

question 35

Multiple Choice

When a developing world country carries "private debt," to whom is that money owed?

• A) its own citizens
• B) transnational corporations who are not directly involved in banking
• C) private banks
• D) foreign governments
• E) No money is actually owed, as no one expects the loans to ever be repaid.

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