Which of the following reasons promoted lending to the poorer member countries in the European Union during 2001-2007?
A) The long-term interest rates in the poorer countries were as low as the interest rates in the richer member countries.
B) The investment in human capital in the poorer countries was higher than the investment in the richer countries.
C) The debt to GDP ratio was much lower in the poorer countries than in the richer countries.
D) The poorer countries experienced lower rates of inflation than the richer countries.
Correct Answer:
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