Recall Application 4, "The Argentine Financial Crisis," to Answer the Question

Recall Application 4, "The Argentine Financial Crisis," to answer the question below:
-Which of the following contributed to the collapse of the Argentine peso in 2002?

A) the appreciation of the Argentine peso
B) Argentina's large current account deficits with its trading partners
C) the belief by investors that Argentina would not be able to keep the current fixed exchange rate
D) All of the above are correct.