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Cheewy Cheewy
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6 years ago
Why did so many LDCs take out large loans in the 1970s and 1980s?
A) The IMF capped interest rates on loans to LDCs at 1%
B) They expected their economies to improve in the coming years.
C) Most of them experienced natural catastrophes and needed money to rebuild.
D) The United Nations encouraged LDCs to take these loans.
E) All of the above
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The World Economy: Resources, Location, Trade and Development

The World Economy: Resources, Location, Trade and Development


Edition: 5th
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entergeozaxentergeozax
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