Borrowing in One's Own Currency Has Many Advantages for Low-Income

question 69

Multiple Choice

Borrowing in one's own currency has many advantages for low-income nations (such as Chile) . Which of the following is NOT an advantage?

• A) Service payments are usually retained in the nation.
• B) Defaults are typically not an issue.
• C) The nation is never obliged to repay-it can roll over the debt in perpetuity.
• D) More national debt actually helps credit markets deepen and mature.

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