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Chako Chako
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Posts: 2948
8 years ago
Which of the following is a reason that developing countries are running large surpluses?
A) They have defaulted on international loans.
B) They are required to do so by IMF.
C) They have a strong desire to accumulate international reserves to protect against a sudden stop of capital inflows.
D) They have pegged exchange rates and thus the growth of exports must drive surplus up.
E) They don't know how to manage their surpluses.
Textbook 
International Economics: Theory and Policy

International Economics: Theory and Policy


Edition: 10th
Author:
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machukianmachukian
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8 years ago
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Chako Author
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8 years ago
Makes a lot of sense, and you're right.. I appreciate the input
wrote...
7 years ago
Good luck
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