Which of the following is an example of a default?
A) U.S.corporations evaded taxes by locating headquarters in other countries.
B) Kuwait exported more oil than the limited quotas agreed upon by oil-exporting states.
C) The United Kingdom preferred the status quo and kept its own currency instead of adopting the euro.
D) Brazil announced in 1987 that it would not repay its international loans.
Correct Answer:
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