A country is said to be in debt trap if
A) It has to abide by the conditionality imposed by the International Monetary Fund
B) It is required to borrow money to make interest payments on outstanding loans
C) It has been refused loans or aid by creditors
D) The World Bank charges a very high rate of interest on outstanding as well as new loans
Correct Answer:
Verified
Q9: Which of the following statement is correct?
A)Every
Q10: The main focus of IBRD and IDA
Q11: The president is selected by the board
Q12: Which of the following does not form
Q13: Which of the following pairs is not
Q15: Balance in capital account refer to the
A)Nation's
Q16: Which of the following statement is not
Q17: Which of the following is not the
Q18: Which of the following body is not
Q19: Which of the followings are called Brettonwoods
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents