Which of the following was a major factor that led countries such as Great Britain and the United States to finance their deficits by borrowing private money,as opposed to drawing on IMF funds since the early 1970s?
A)The rapid development of global capital markets
B)Shortage of IMF funds available for disbursal
C)High interest rate charged by the IMF
D)Abandoning of the floating exchange rate system

Question

Quizplus · Accepted Answer

Since the early 1970s,the rapid development of global capital markets has allowed developed countries such as Great Britain and the United States to finance their deficits by borrowing private money,as opposed to drawing on IMF funds.

Which of the Following Was a Major Factor That Led