BRICs is a term used in international finance to represent assets that are considered to be inexpensive and sturdy,but fundamentally unsound and and incapable of coping with the upheavals now apparent in international financial markets.

Question

Quizplus · Accepted Answer

This statement is incorrect. BRICs (Brazil, Russia, India, and China) is a term used to refer to emerging markets that have shown significant economic growth and potential. While there may be some concerns about their stability and vulnerability to economic shocks, they are generally seen as important players in the global economy.

BRICs Is a Term Used in International Finance to Represent