Which of the Following Is True of the Crises Experienced

question 53

Multiple Choice

Which of the following is true of the crises experienced in the 1990s?

• A)Most of the economic crises occurred in Mexico.
• B)Each of the countries affected by the crisis in Southeast Asia owed substantial long-term debt to foreigners.
• C)During this time, bank loans were a sizable fraction of GDP in all the crisis countries except Mexico.
• D)Stock prices dropped by an amount ranging from 21 percent in Malaysia to 35 percent in Korea.
• E)Exchange rate against the U.S.dollar dropped substantially in the Philippines.

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Definitions:

Product Quantity

The number of units of a particular product that are produced, available for sale, or sold.

Factory

A building or group of buildings where goods are manufactured or assembled chiefly by machine.

Work in Process

A part of the inventory account on the balance sheet that represents goods in various stages of production but not yet completed.

Finished Goods

Products that have completed the manufacturing process but have not yet been sold or distributed to the end customer.