3555EconomicsMedium
Which of the following is Not true about external debt?
AExternal debt accumulates with international balance on goods services and income deficcits
BIn the 19901s LDCs relied increasingly on aid from DCs
CWhen debts are denominated in U.S dollars their appreciation during the 1990s increased the cost of servicing such debts
DInternational lenders required LDC governments to guarantee private debt
Correct answer
B. In the 19901s LDCs relied increasingly on aid from DCs
Explanation
The correct answer is In the 19901s LDCs relied increasingly on aid from DCs.