"Original sin" in international finance refers to:
A) the disadvantage that the United States faces when it borrows from foreigners.
B) the fact that some countries can borrow in terms of their own currency when they borrow overseas.
C) the fact that developing countries can seldom borrow in terms of their own currency.
D) foreign borrowing is considered immoral by some cultures and therefore is a sin.
Correct Answer:
Verified
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