How did the IMF step in to help Argentina in 1994?
A) The IMF required it to immediately let its currency float.
B) The IMF required it to repay all past-due loans as a condition for new lending.
C) The IMF extended emergency loans to help it restore its backing ratio.
D) The IMF required it to immediately let its currency float and to repay all past-due loans as a condition for new lending.

Question

Quizplus · Accepted Answer

The IMF stepped in to help Argentina in 1994 by extending emergency loans to help it restore its backing ratio. The other options mentioned (A, B, and D) are measures that the IMF has taken in other situations, but not specifically in 1994 for Argentina.

How Did the IMF Step in to Help Argentina in 1994