Understanding the 1997 Asian Financial Crisis Quiz

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Understanding the 1997 Asian Financial Crisis: a General level Economics quiz. Test your knowledge with 15 questions!
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Questions

Question 1
Which country did the 1997 financial crisis begin in?
A South Korea
B Malaysia
C Thailand
D Indonesia
Question 2
What was a primary cause of the 1997 Asian crisis?
A Excessive debt
B High taxes
C Low population
D Too much gold
Question 3
Which organization provided major bailouts during the 1997 crisis?
A United Nations
B IMF
C World Bank
D Red Cross
Question 4
What happened to the value of local currencies during the crisis?
A They were abolished
B They plummeted
C They stayed flat
D They increased
Question 5
What is a speculative attack in currency markets?
A Selling currency to force devaluation
B Investing in stocks
C Saving in banks
D Buying local goods

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