Which of the Following Is True of the Crises Witnessed

question 29

Multiple Choice

Which of the following is true of the crises witnessed by the southeast Asian countries in the 1990s?

• A)The crises were sparked by the conversion from a fixed exchange rate regime to a flexible exchange rate regime.
• B)The crises occurred because Malaysia owed substantial short-term debt to foreigners.
• C)The consumption of petroleum products grew at an uncontrolled rate in Indonesia.
• D)Indonesia was the only country that owed a substantial long term debt to the US.
• E)The stock prices dropped by 26 percent in Korea and by 57 percent in Malaysia.

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Definitions:

Category Killer

A large retail store specializing in a specific category of goods with an extensive selection that dominates the competition, often leading to smaller specialty stores' decline.

Direct Selling

A retail channel where sales are made directly to the consumer by a representative of the company.

Commonly Owned

Refers to assets or properties held jointly by two or more parties.

Full-line Discount

A pricing strategy where a retailer offers discounts on the entire range of products.