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Home Q & A Board Other Fields Homework Help Business Economics
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Chako Chako
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8 years ago
Since foreign credit dries up in crises when it is most needed, developing countries can protect themselves from default by
A) allowing the exchange rate to float.
B) cutting off imports of goods.
C) accumulating high levels of international reserves.
D) using equity finance only.
E) avoiding the international capital market.
Textbook 
International Economics: Theory and Policy

International Economics: Theory and Policy


Edition: 10th
Author:
Read 165 times
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machukianmachukian
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#1
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8 years ago
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Chako Author
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#2
8 years ago
Makes a lot of sense, and you're right.. I appreciate the input
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#3
8 years ago
Happy to help you!
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