Businesses lose during financial crises if they have borrowed in currencies other than the domestic currency.

Name: Businesses lose during financial crises if they have borrowed in currencies other than the domestic currency.
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Question

Quizplus · Accepted Answer

This is because during financial crises, the value of foreign currencies can fluctuate greatly and lead to increased borrowing costs or difficulty in meeting debt obligations. This can result in financial difficulties for businesses that have borrowed in foreign currencies.

Businesses Lose During Financial Crises If They Have Borrowed in Currencies