The Mexican peso, Asian financial, and Argentinean financial crises had which of the following in common?
A) All countries involved attempted to maintain a fixed exchange rate.
B) There was an increase in country and economic risk.
C) All countries experienced a steep decline in their foreign exchange reserves.
D) All countries had relatively open financial markets.
E) All of these answers are correct.
Correct Answer:
Verified
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A) Thailand.
B)
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