Which of the Following Was a Condition Imposed on Indonesia

question 43

Multiple Choice

Which of the following was a condition imposed on Indonesia by the IMF in return for the $37 billion rescue deal in 1997?

• A)Opening of banks that were shut down
• B)Removing government subsidies on basic foodstuffs and energy
• C)Increasing government spending
• D)Lowering the interest rates

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Definitions:

UCC

The full spectrum of commercial dealings in the United States is under the regulation of the laws within the Uniform Commercial Code.

Writing Requirement

A legal principle that certain kinds of contracts must be in writing to be enforceable.

Statute of Frauds

A legal principle that requires certain types of contracts to be written and signed by the parties involved to be enforceable.

Debt of Another

Debt of another involves liabilities or obligations that one party assumes on behalf of another party, typically through a guarantee or cosigning arrangement.