Which of the following were among the reasons for the Mexican peso crisis of 1994?
A) Trade liberalization required by the North American Free Trade Agreement.
B) Rising government budget deficits caused by pre-election spending by the PRI, the ruling party of Mexico.
C) Pegging the peso to the dollar.
D) Disregard for exchange rate risk.
E) All of the above.
F) None of the above.
Correct Answer:
Verified
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