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Initial Conditions in the Year Before the Crisis in Thailand

question 25

Multiple Choice

Initial conditions in the year before the crisis in Thailand, Indonesia, Malaysia, the Philippines, and Korea in 1997 indicate that I. capital inflows/GDP were very low.
II) nonperforming bank loan ratios were high.
III) current account deficits were high.
IV) credit growth was fast.

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Definitions:

Per Annum

Annually; indicating an amount or a statistical value per year.

Equivalent

Identical in worth, quantity, role, significance, and so forth.

Term Deposits

Fixed amount of money held at a financial institution for a fixed term, earning a guaranteed interest rate.

Simple Interest

Simple interest is a method of calculating the interest charge on a loan based on the original principal amount and the interest rate, without compounding.

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