Unit 5 (trade and the world economy *2)

Question 1

Global financial crises

Answer 1

An economic problem in one country can impact economies all around the world

Question 2

Debt crises

Answer 2

When country loans money to a country but they can’t pay them back

Question 3

IMF

Answer 3

International Monetary Fund
Organization that lends money to countries in need (best to avoid)