Brazil's 1999 Crisis Was Relatively Short Lived Because

question 48

Multiple Choice

Brazil's 1999 crisis was relatively short lived because

• A) Brazil's financial institutions had avoided borrowing all together.
• B) Brazil's financial institutions had avoided heavy borrowing in local currency.
• C) Brazil's financial institutions had avoided heavy borrowing in dollars.
• D) Brazil's financial institutions had extended low-interest loans.
• E) Brazil's financial institutions had extended high-interest loans.

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