Which of the Following Was NOT an International Currency Crisis

question 57

Multiple Choice

Which of the following was NOT an international currency crisis in the 1990s and early 2000s?

• A) the Asian Crisis
• B) the Canadian Crisis
• C) the Argentine Crisis
• D) All of the above were currency crises in the 1990s and 2000s.

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Definitions:

Economic System

A particular set of institutional arrangements and a coordinating mechanism for solving the economizing problem; a method of organizing an economy, of which the market system and the command system are the two general types.

Institutional Arrangements

The set of policies, norms, and regulations that shape the behavior of individuals and organizations within a society.

Economizing Problem

The choices necessitated because society’s economic wants for goods and services are unlimited but the resources available to satisfy these wants are limited (scarce).

Property Rights

Legal rights to possess, use, and dispose of assets including real estate, personal property, or intellectual property.