Question: State true or false and briefly explain why? 7. Countries in emerging markets such as in Latin America tend to have higher interest rates than
State true or false and briefly explain why?

7. Countries in emerging markets such as in Latin America tend to have higher interest rates than in the US, hence, to lower the cost of capital, American - based MNCs expanding their business in Brazil or Argentina should not borrow from these countries' local banks or local financial markets
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