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In the Mid- to Late 1980s, Australia Had Large Foreign

Question 75

Multiple Choice

In the mid- to late 1980s, Australia had large foreign debt. The concerns were about:


A) the ability of the country to make payments in case of an economic downturn. The equity investments were suggested.
B) the coming economic boom and the ability of the country to pay economic dividends.
C) the accessibility of local capital for foreign companies to partially cover the debt.
D) the liabilities were only 2% of the GDP and needed to be brought up to at least 25%.

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