The Asian Financial Crisis of 1997 began as a consequence of ______.

A. financial hyperglobalization
B. capital controls that led to currency speculation
C. hyperinflation
D. Washington Consensus policies of the IMF

B. capital controls that led to currency speculation

Political Science

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"A decline in the purchasing power of a currency" is known as:

a. recession. b. depression. c. inflation. d. deflation. e. reserve declin e.

Political Science

A bureaucracy that serves the president’s interest is called ______.

a. a neutral competence bureaucracy b. patronage c. a spoils system d. a corrupt bureaucracy

Political Science