Though each nation's economic collapse in the 1990s was different,most were precipitated by a massive and sudden _________________.
A)inflow of short-term capital
B)withdrawal of short-term capital
C)inflow of illegal immigrants
D)volatility of short-term interest rates

Question

Quizplus · Accepted Answer

The economic collapses in the 1990s were primarily caused by the withdrawal of short-term capital, which led to currency devaluations, financial crises, and economic downturns in many countries. This was particularly true in countries that had previously relied heavily on foreign investment and had built up large external debts.

Though Each Nation's Economic Collapse in the 1990s Was Different,most