Venezuela Default Expected as Oil Tumbles

What was a significant factor in the movement of Venezuelan bond prices?

• Government intervention

• Increased oil production

• Foreign investment

• ETF selling

Why is it considered economically irrational for Venezuela to default?

• Support from international allies

• Low debt-to-GDP ratio

• Strong currency valuation

• High foreign reserves

Which countries are mentioned as having defaulted with a high debt-to-GDP ratio?

• Russia and China

• Brazil and Mexico

• Greece and Argentina

• India and South Africa

What is a potential political decision Venezuela might make regarding its debt?

• Seek IMF assistance

• Strengthen ties with the EU

• Increase oil exports

• Disengage from the international financial community

Which country is unlikely to fund Venezuela if it disengages from the international financial community?

• India

• Brazil

• China

• South Africa