MCQOPTIONS
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| 1. |
A country is said to be a debt trap if |
| A. | It has to borrow to make interst payments on outstanding loans |
| B. | It has to borrow to make interest payments on to standing loans |
| C. | it has to been refused loans or aid by creditors abroad |
| D. | the World Bank charges a very high rate of interest on outstanding as well as new loans |
| Answer» C. it has to been refused loans or aid by creditors abroad | |