Nations That Are Considering Default Rather Than Restructuring or Repayment

question 8

Multiple Choice

Nations that are considering default rather than restructuring or repayment face costs. Which of the following is NOT a cost of default?

• A) the ability to enjoy the use of the borrowed funds without the pain of repayment
• B) exclusion from credit markets, which can cause a reduction in consumption
• C) lost opportunity to invest or purchase needed imports for trade
• D) higher risk premiums for all borrowers and financial disruption

---

Definitions:

JAREL Tool

JAREL Tool is a specific instrument or method, although without additional context, its application or field of relevance is not clear. NO.

Transcendence/Peace

A state of surpassing one's current physical or mental limitations, often associated with a sense of serenity and inner peace.

Faith/Belief

The trust or confidence in certain principles, religions, or doctrines without absolute proof.

Spiritual Care

Support provided to individuals to address spiritual or religious needs, especially important in healthcare for patients facing serious illnesses or end-of-life issues.