Governments never go bankrupt. So, lending to them is a wise idea. They can always repay. Using
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“Governments never go bankrupt. So, lending to them is a wise idea. They can always repay.” Using the concepts of involuntary and strategic default (see Chapter 14), examine this statement carefully.
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The statement Governments never go bankrupt so lending to them is always wise is a simplistic and potentially misleading oversimplification While its ...View the full answer
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