Asian Economic Crisis Quiz

How does currency crisis happen?

• Wrong economic policy

• Large migration

• Too strong economy

• Short-term foreign debt

Can financial crisis in one country spread across border?

• Yes, it can.

• No, it cannot.

Asian economy crisis started from which country?

• Indonesia

• Malaysia

• Korea

• Thailand

What was Asian economic situation before the crisis?

• Strong

• Bad

• Bubble

• Average

Which one is a role of policy makers?

• Manage economic situation

• Increase wage

• Reduce interest rate

• Increase currency rate

How Asian economic looked like when the crisis happen?

• Strong

• Average

• Excellent

• Bad

What is cause of Asian economic crisis?

• Current account deficit

• High asset prices

• Poor regulation framework

• Long-term foreign fund

Which one is an effect of the crisis?

• Equity market rise

• Strong economy

• Value of currencies fall

• Interest rates increase

The collapse of Thai Baht caused by which industry?

• Retail industry

• Industrial product

• Agricultural industry

• Residential property

What the Thai government did to manage Thai Baht crisis?

• Reduced interest rates

• Sold foreign exchange reserves to purchase Thai Baht

• Increase currency rates

• Pegged Thai Baht with US dollar