How Are the Financial Crises of the 1990s and the 2000s

question 50

Multiple Choice

How are the financial crises of the 1990s and the 2000s similar?

• A)The crises were primarily started in lesser-developed countries.
• B)The crises were precipitated by runaway monetary policy when the governments continually devalued their currencies.
• C)The major originators of the financial crises had borrowed beyond what became sustainable for their capacities.
• D)Countries were able to overcome the collective action problem and collectively default on their loans.

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Definitions:

California Statute

A written law passed by the California Legislature and signed by the governor or passed via the initiative process by voters in the state of California.

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The various groups and individuals with interests in a corporation's operations, including shareholders, employees, customers, and the community.

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A person who provides help or assistance to others in need without any expectation of reward, often protected by laws from liability in emergency situations.