The contagion that spread to South Korea,Indonesia,and other countries during the Asian financial crisis was:

Question

Quizplus · Accepted Answer

The Asian financial crisis was characterized by speculative attacks on the currencies of several East Asian countries, leading to a sharp depreciation of their exchange rates and a subsequent economic crisis. Countries such as South Korea and Indonesia were forced to abandon their fixed exchange rate regimes as a result. Therefore, option A is the correct answer.

The Contagion That Spread to South Korea,Indonesia,and Other Countries During