Which of the Following Is NOT the Root Cause of the 1997

question 45

Multiple Choice

Which of the following is NOT the root cause of the 1997 Asian financial crisis?

• A) A sudden capital flight
• B) Chronic trade surplus in Asian countries before the crisis year
• C) Close relations between business, banks, and government agencies, which led to risky lending decisions.
• D) A fixed exchange rate system

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