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- Subject
- The External Debt and Financial Criseseconomics-mcqs › the-external-debt-and-financial-crises
- Published
- 27 May 2019
- Last updated
- 28 May 2026
Explanation
Option A is false because the debt service to GNP ratio is not always a reliable indicator of the debt burden. The other statements are accurate: many large LDC borrowers accumulated debt based on favorable credit ratings; middle-income countries hold the majority of LDC debt; and sub-Saharan Africa's debt burden can be as severe as that of middle-income countries.
More The External Debt and Financial Crises MCQs
Practice related questions from the same subject.
- 1.What were the primary focuses of the Baker Plan (1985) and the Brady Plan (1989), respectively?
- 2.Following 1979, the World Bank began offering loans that focused on reforms in areas such as trade, agriculture, industry, public enterprises, finance, energy, and education. What were these loans called?
- 3.Which of the following conditions were present in Thailand, Indonesia, Malaysia, the Philippines, and Korea during the year before the 1997 financial crisis?
- 4.Which nation was not considered a significant debtor among less developed countries (LDCs) in 2001?
- 5.What does the debt-service ratio represent?
- 6.Which of the following measures does NOT help in decreasing capital flight from the countries where the capital originates?
- 7.Which statement below is incorrect regarding external debt?
- 8.Which two middle-income nations had their debt forgiven or reduced by the U.S. government during the Persian Gulf War in 1990?
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