MCQOPTIONS
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| 1. |
Which of the following is Not true about external debt ? |
| A. | External debt accumulates with international balance on goods services and income deficcits |
| B. | When debts are denominated in U.S dollars their appreciation during the 1990s increased the cost of servicing such debts |
| C. | In the 19901s LDCs relied increasingly on aid from DCs |
| D. | International lenders required LDC governments to guarantee private debt |
| Answer» D. International lenders required LDC governments to guarantee private debt | |