What Was the Main Financial Problem That the Government of Greece

question 209

Multiple Choice

What was the main financial problem that the government of Greece faced in 2009?

• A)It had a large budget surplus that it needed to invest, but it was unable to find investments that offered a high rate of return.
• B)It had a large budget surplus, but the president vetoed attempts to use the surplus to give tax refunds to the citizens.
• C)It had a large budget deficit, but the parliament refused to raise transfer payments to reduce the deficit.
• D)It had a large budget deficit, but most of its creditors were unwilling to make loans to Greece or charged extremely high interest rates to compensate them for the risk of loss.

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Definitions:

Surplus Words

Extra or unnecessary words in a sentence or text that do not add meaning and can be removed without changing the message.

Economically

Pertaining to the economy or the management of resources, often focusing on efficiency and effectiveness in financial terms.

Write

To write means to mark coherent words on paper or another surface, typically using a tool such as a pen or keyboard, to communicate ideas, stories, or information.

Miscommunications

Situations where information is misunderstood, misinterpreted, or inaccurately conveyed between parties, leading to confusion or errors.