Devaluation can result from government action or an economic crisis.In August 1998,the Russian economy imploded.As a result,all of the following listed events happened except:

Question

Quizplus · Accepted Answer

The question states that the Russian economy "imploded" in August 1998. The word "imploded" generally implies a sudden and severe collapse. Therefore, it is likely that Russia's economy did not immediately recover from the impact. However, the question does not provide any information that explicitly states that Russia's economy never recovered. Therefore, we cannot say for certain that option D is incorrect. However, based on the given information, all of the other options (A, B, C, and E) are accurate descriptions of the events that followed Russia's economic crisis in 1998.

Devaluation Can Result from Government Action or an Economic Crisis