In 1982 the United States and Mexico devised a solution for the Mexican crisis that
A) added new foreign debts to the old ones.
B) pardoned a large part of Mexico's foreign debt.
C) declared a moratorium on payment of interest and principal on the debt.
D) authorized U.S. purchase of large quantities of Mexican oil at prices above the world price.

Question

Quizplus · Accepted Answer

The solution involved restructuring Mexico's existing debt by adding new loans to help manage the crisis, rather than pardoning or declaring a moratorium on the debt.

In 1982 the United States and Mexico Devised a Solution