How did the Tequila Crisis eventually turn out?
A) Argentina defaulted in May 1997, and its economy has not recovered.
B) Argentina's central bank reduced its holding of domestic credit to zero and achieved a 100% backing ratio.
C) Argentina allowed its currency to float.
D) Argentina increased exports enough so that no lending was needed.

Question

Quizplus · Accepted Answer

The Answer of How did the Tequila Crisis eventually turn out?
A) Argentina defaulted in May 1997, and its economy has not recovered.
B) Argentina's central bank reduced its holding of domestic credit to zero and achieved a 100% backing ratio.
C) Argentina allowed its currency to float.
D) Argentina increased exports enough so that no lending was needed.

How Did the Tequila Crisis Eventually Turn Out