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Weaknesses in the Asian Financial Systems in the Late 1990s

Question 3

Multiple Choice

Weaknesses in the Asian financial systems in the late 1990s was caused by


A) appreciating currencies and popping real estate bubbles.
B) depreciating currencies and popping real estate bubbles.
C) appreciating currencies and real estate booms.
D) international debt-service difficulties began to generate domestic debt-servicing difficulties.
E) foreign banks, which had loaned heavily to Asian banks, agreeing to continue to roll over existing loans.

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