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Which of the following is true about the Asian crisis? a. Interest rates in the affected countries declined during the crisis. b. It was preceded

Which of the following is true about the Asian crisis?

a.

Interest rates in the affected countries declined during the crisis.

b.

It was preceded by several years of large capital inflows to the affected countries.

c.

Exchange rates of the affected countries were pegged to the Japanese yen to resolve the crisis.

d.

It was preceded by a five-year recession in Asia.

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