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Question
Which of the following describes debt moratoria?
A. Delay in repaying interest and/or principal on debt because of government prohibition of such action.
B. Special reserves created on the balance sheet against which to write off bad loans.
C. The official terminology for a sovereign loan rescheduling.
D. Debt issued by a country that is swapped for an outstanding loan to that same country.
E. Changing the contractual terms of a loan, such as its maturity and interest payments.
Answer
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Related questions
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