In the financial crises of the 1990s, investors lost huge amounts of wealth as a consequence of the rapid drop in values of local firms in each country.

Question

Quizplus · Accepted Answer

This statement is true. The financial crises of the 1990s, such as the Asian financial crisis and the Russian financial crisis, led to significant drops in the value of local firms, causing investors to lose substantial amounts of money.

In the Financial Crises of the 1990s, Investors Lost Huge