Which of the following is true of the crises experienced in the 1990s?
A)Most of the economic crises occurred in Mexico.
B)Each of the countries affected by the crisis in Southeast Asia owed substantial long-term debt to foreigners.
C)During this time, bank loans were a sizable fraction of GDP in all the crisis countries except Mexico.
D)Stock prices dropped by an amount ranging from 21 percent in Malaysia to 35 percent in Korea.
E)Exchange rate against the U.S.dollar dropped substantially in the Philippines.

Question

Quizplus · Accepted Answer

During the 1990s, bank loans were indeed a sizable fraction of GDP in many of the crisis countries, except for Mexico, which faced a different type of crisis earlier in the decade.

Which of the Following Is True of the Crises Experienced