Which is NOT TRUE regarding foreign debt?
A) Much of the developing world is deeply in debt to foreign governments and banks.
B) The origins of the debt crisis lie in the 1910s and 1920s.
C) Debts raise concerns about the stability of the international monetary system.
D) Debt repayment can be difficult for developing countries.
E) All of the above are false.

Question

Quizplus · Accepted Answer

The origins of the debt crisis are commonly traced to the 1970s and 1980s when borrowing by developing countries was rampant and interest rates spiked.

Which Is NOT TRUE Regarding Foreign Debt