Which of the following factors potentially increased the vulnerability to the 1997 Asian financial and currency crisis ?

Related Mcqs:

1. When the financial system lacks the capability of making judgement about investment opportunities due to asymmetric information leading to potentially bad credit risks lending is subject to ?

   A. adverse selection
   B. moral hazard
   C. social goods
   D. hyperinflation

2. What is called that bank which regularly accepts foreign currency-denominated deposits and makes foreign currency-denominated deposits and makes foreign currency loans ?

   A. Eurobank
   B. Foreign bank
   C. International Bank
   D. Multinational Bank

3. If export contracts are written in terms of foreign currency and import contracts are denominated in domestic currency a depreciation of the dollar during the currency contract period ?

   A. should increase the dollar value of exports
   B. should not have any effect on the dollar value of U.S imports
   C. must increase the balance of trade
   D. All of the above

4. Initial conditions in the year before the crisis in Thailand Indonesia Malaysia the Philippines and Korea in 1997 indicate that ?

   i. capital inflows/GDP were very low
   ii. Nonperforming bank loan ratios were high
   iii. current account deficits were high
   iv. credit growth was fast

   A. I and IV only
   B. II and III only
   C. I, II and III only
   D. II, III and IV only

5. The 1993 World Bank study entitled The East Asian Miracle (1993) identifies eight high performing Asian economies Which of the following is not one of them ?

   A. Japan
   B. Four tigers
   C. Vietnam
   D. Thailand

6. The 1993 World Bank study entitled The East Asian Miracle identifies eight high performing Asian economies. Which of the following is not one of them ?

   A. Japan
   B. The four tigers
   C. Vietnam
   D. Thailand

7. If GNP per capita at constant prices for Ghana is US$360 and US$364 in 1996 and 1997 respectively, The real economic growth from 1996 to 1997 is ?

   A. 4%
   B. 1.11%
   C. 0.011%
   D. 11%

8. Which of the following country did Not suffer from increased poverty from debt and financial crises in the 1990s ?

   A. Singapore (1994)
   B. Mexico (1994)
   C. Russia (1998)
   D. Brazil (1998)

9. Mention the term for an official act of reducing the rate in which one currency is exchanged for another in international currency markets ?

   A. Devolution
   B. Devaluation
   C. Price cap
   D. Cut-rate

10. If Sweden’s currency depreciates relative to Norway’s currency ?

    A. Norway’s export goods become more expensive to Norway’s residents
    B. Norway’s exports goods become cheaper to Sweden’s residents
    C. Sweden’s export goods become cheaper to Norway’s residents
    D. Sweden’s export goods become cheaper to Sweden’s residents