There Are Many Ways Developing Countries Finance Their External Deficits

question 10

Multiple Choice

There are many ways developing countries finance their external deficits except

• A) bank finance.
• B) portfolio investment in ownership of firms.
• C) bond finance.
• D) official lending.
• E) foreign exchange rates.

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Definitions:

Armature

In electrical engineering, the rotating coil or coils of a dynamo or electric motor.

Brushes

Components made of conductive material that transmit electrical current between stationary wires and moving parts, often found in motors and generators.

Commutator

A rotary electrical switch in certain types of electric motors and generators that periodically reverses the direction of current flow through the rotor.

AC Generator

An alternator in a vehicle that converts mechanical energy into alternating current electricity to power electrical systems.