Font size
WorksheetsLoans and Debt Relief
Total questions: 14
Worksheet time: 12mins
Process of debt relief?
Ask for permission
Help with economic management, IMF, diminish poverty
Bribe the president of China
When requirements are met, you will be debt-free, and in the process of you meeting the requirements, the bank will fund your money as the 'first stage'
Order of countries that owe the most external debt from most to least
🇯🇵🇯🇵🇯🇵🇯🇵🇯🇵🇯🇵🇯🇵🇯🇵🇯🇵🇯🇵🇯🇵🇯🇵🇯🇵🇯🇵🇯🇵🇯🇵🇯🇵🇯🇵🇯🇵🇯🇵🇯🇵🇯🇵🇯🇵🇯🇵🇯🇵🇯🇵🇯🇵🇯🇵🇯🇵🇯🇵🇯🇵🇯🇵🇯🇵🇯🇵🇯🇵🇯🇵🇯🇵🇯🇵🇯🇵🇯🇵🇯🇵🇯🇵🇯🇵🇯🇵🇯🇵
🇺🇸🇫🇷🇬🇧🇯🇵🇩🇪
🇺🇸🇬🇧🇫🇷🇩🇪🇯🇵
🇬🇧🇫🇷🇺🇸🇯🇵🇩🇪
Why do countries go into dept?
They want to spoil their neighboring countries
They want to use that money to develop their own country and fix issues otherwise they will have to earn and that will take time
They want to save money in case a natural disaster or big event happens so they will be able to repay it
They want to tackle environmental issues, build new infrastructure and buy more resources.
A low credit score affects if you'll be able to get a loan or not
TRUE
FALSE
What is the term for a country that is unwilling to pay debt and/or simply cannot do so...
(a)
What about Agriculture loans is false here?
Agriculture loans are needed to promote soil and water conservation/protection
Agriculture loans are vital for expanding land
Agriculture loans are vital for transportation to get to farms and hire people to take care of the farms
Construct new farm buildings or fix old ones
What county is in the most overall debt?
United States
United Kingdom
Japan
What is External Debt?
(a)
What happens when a country is unable to pay another country back?
Ask the country to go through debt relief
You can take something valuable from that country
Can't do much, Limited options, file for bankruptcy
Bring case to international court
What are credit scores based off of?
Trauma
Repayment history
How much debt you’re in
How much money you make
Repayment history
How much debt you’re in
Divorce record
Repayment history
How much debt you’re in
Education level
What is debt relief?
Refers to actions needed to be taken so the bank can let the country/person off
Refers to actions needed to be taken in order to lessen or remortgage debt
i cried trying to delete this box please ignore it
What countries do you think have the lowest amount of debt?
Egypt, UAE, Croatia, Greece, Italy, Nepal
Russia, Somolan islands, Côte D'ivoire, Yemen
Botswana, Estonia, Brunei, Afghanistan, Congo, UAE, Russia,
Uzbekistan, Rwanda, Nigeria, Chad, Somalia
What does 'with interest' mean (terms of money)
Interest is the amount of money that reduces the faster the loan is paid back
Interest is additional money that must be repaid plus original loan
Interest is the additional amount of money that keeps growing the longer the borrower takes to pay the loan back
What does IMF stand for
International monetary fund organization
International mandatory finance organization
International money foundation
international mortgage foundation
